the office property market | France

1.1 Definition and scope of the study

From numerous actors are present on the market of office real estate we differentiate mainly between the actors of the promotion and the management real estate .  

At the heart of this market real estate development companies offices carry out operations in different stages, often in collaboration with other actors

• Search and evaluate land
• Setting up and monitoring operations (works, financing)
• Market and deliver the transaction

There are many indicators to monitor activity in the office property sector, such as the amount of annual investment, the average rent per m², as well as the demand placed.

Also, it is important to note that the demand for office real estate comes from several players on the one hand equity fund acquire buildings, new or used, and rent them out; on the other hand, corporate directly rent or buy offices according to their needs and activity.

The European market has experienced strong growth in recent years, 132 billion invested in office real estate in 2019 in Europe - or 6% more than in 2018. There are many players in the market real estate developers, real estate companies, specialists in real estate services or property management or even incoming players such as WeWork in the coworking segment

The French market is also growing, with a particularly attractive Parisian marketplace If the the Paris region has by far the largest office park in France In recent years, some cities have seen a boom in recent years - notably Lyon, Lille, Toulouse, Aix-Marseille, Bordeaux and Nantes.

The Covid-19 crisis is expected to hamper the dynamism of the sector with investments having been reduced by 1/3 in 2020 compared to 2019 . The demand for office space more flexible - with the rise of teleworking - is expected to change the sector in the future, which could benefit emerging forms such as coworking