Post-Brexit, the Paris Office Market is thriving.
Despite the uncertainties surrounding Brexit, according to Knight Frank's Q3 Paris Office Market Outlook Report, office take-up in Paris is anticipated to exceed the long-term average. In the first half of 2016, office take-up in the Île-de-France area was 1.2 million square meters, up from the same period the previous year. The outlook is expected to remain good, with total take-up expected to reach 2.4 million square meters for the full year. property Despite the fact that the CBD remained the main focus of occupier demand, the La Défense market saw a record first half-year take-up of 126,500 square meters. Increased occupier activity among major corporates such as Deloitte & Associés and Bureau Veritas contributed to the boost in demand in the area. Strong pre-letting activity and a limited development pipeline resulted in a decrease in vacancy levels, leaving 4.1 percent of office space available in the city's central business district. The availability of Grade ...