Market Summary by Catella

The Market Summary by Catella (in collaboration with Monique Benisty of MBE Conseil) provides an overview of key trends in commercial real estate with an overview and analysis of quarterly investment and rental data.

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Office Rental Market - February 2019

After a particularly active H1 raised hopes for an increased take-up, take-up in fact decreased by 5% at the end of 2018. It totalled 2,504,000 sqm, i.e., an excellent total well above the ten-year average (2,294,000 sqm).

Our vision of the office rental market
The view of Géraldine LATHAM

Take-up in Île-de-France region per quarter ​

Source : MBE Conseil according to Immostat

Take-up in Île-de-France region per quarter  ​

  • After an increase in take-up across four successive years, annual take-up has fallen by 5% compared with 2017, with a 23% decrease in H2 2018;
     
  • At 642,000 sqm, Q4 2018 take-up decreased by -26% compared with Q4 2017. Q4 2017 was an exceptional quarter with a take-up of 874,000 sqm, the highest take-up in 15 years;
     
  • Yet despite the decrease, take-up remains comfortably above the ten-year average (2,294,000 sqm).

Take-up in Île-de-France

The French Investment Market - February 2019

Our vision of the office Market
The view of Arnaud de Sordi

2018 was an exceptional year with more than 30 billion euros transacted. This confirmed large global financial asset managers' appetite for real estate assets, given the bond market's low returns.

Amounts invested in the non-residential real estate market in France 

Source: MBE Conseil

Amounts invested in the non-residential real estate market in France 

  • 2018 was exceptional, and had the best Q4 ever with nearly €12.1 billion euros invested, i.e., an increase of 7.6% y-o-y!
     
  • A total investment volume of approximately €30.2 billion, i.e., a 10.2% increase from 2017 to 2018. This confirms the absolute dynamism of the nonresidential investment market in France.

AMOUNTS INVESTED IN THE NON-RESIDENTIAL PROPERTY MARKET IN FRANCE