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The French office market was subdued, with just over 375,000 sq.m of offices having been let or sold to occupiers in the Paris region in Q1. This represented a 17% decrease y/y and a 25% decrease in comparison with the 10 year average. This poor performance reflects occupiers' wait-and-see policy, in a weak and uncertain economic climate that led to a sharp deterioration in the job market with unemployment reaching a high last seen in 1997.
Source : Cushman & Wakefield
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