After the collapse, the demand for offices in Île-de-France is starting to increase slightly again

Between January and March, 451,700 square meters of office space was newly let or sold. This represents an increase of 1% compared to the same period in 2023.

After a considerable decline, the demand for office real estate in Île-de-France began to increase slightly again in the first quarter of 2024, according to data from Immostat Group, which are the reference.

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451,700 square meters of new offices were built between January and March. rented or sold to a residentAccording to a press release from Imostat, 1% more than in the same period in 2023. Available office space in Île-de-France has never been higher, at 4.9 million square metres, 11% more than the level a year ago. Office sales volume to investors in France fell again to 1.7 billion euros, 55% less than in the first quarter of 2023.

6,210 euros per square meter

In Île-de-France, the decline of 64% during this period is more pronounced, i.e. 0.9 billion euros.

Frédéric Goupil de Bouille of the Association of Real Estate Directors responded, “The slowdown in investment in the tertiary sector continues and that is bad news.”

However, “the challenges of the ecological transition will not be achieved without the broad participation of investors”, he added, recalling that the expenditure required to achieve the objectives of the tertiary eco-energy system is of the order of 15 billion euros , compared to 3 to 4 billion today.

According to Immostat, the average price of offices purchased in Île-de-France between January and March is 6,210 euros per square meter, representing a decline of 19% in a year. The average rent excluding taxes for new leases in Île-de-France is 427 euros per square meter per year for new or renovated premises, which are stable over one year, and 441 euros for second-hand, which are stable over one year. 3% more in.

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