Office rentals dropped in 2013 as a result of low growth and uncertain outlook (down 25% in 12 months). Rise in immediate supply to 3.9 million sqm. Nevertheless, Grade A properties still only account for less than 20% of vacant stock. In this context, rents remain under pressure. Most of the decline in values in Paris CBD has been recorded in 2013.

1. Office Leasing
Greater Paris Region - 4th Quarter 2013
1,844,497 sqm
Take-up
-2%
Number of large
deals
-25%
2011
2012
Immediate available supply
Ratio of new
buildings
end
2010
end
Vacancy rate
2011
projects
end
2012
end 2013
7.5 %
end
2012
Projects under construction
delivered within 3 years
2013
Prime rent
Central Business
District
62%
pre-leased
stable
21%
end
2013
Future supply
stable
20%
53
2,100,000 sqm
3,925,000 sqm
23%
-20
2012
> 5,000 sqm
2013
26%
73
€/sqm/yr
770
end
Sources: Jones Lang LaSalle / Immostat
2012
710
end 2013
La Défense
530
end
2012
530
end 2013
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