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Central Paris
Office Market

The signs of recovery seen in H1 are being confirmed. Take-up since the beginning of the year has totalled 1,207,900 sqm (406,200 in Q3), i.e. +32% y-o-y. Although take-up remains below its long-term average (-26%), the gap is gradually narrowing as the economic situation improves.

Occupiers’ confidence is gradually returning, encouraging them to act on their needs and conclude transactions. Performance over the first nine months have provided an optimistic outlook for the Paris region business sector, particularly Paris city, as well as reference peripheral business sectors such as the Western Crescent and La Défense.

Central paris
recent transactions

DateAddressQuarterLocationAcquirerSizePricePrice per m²Annual YieldPer per m²/yearLease TermSituation at closing
under contractMaison BayardVIIIᵉᵐᵉQCA ÉtoileCNP Assurances8 140 m²250 m€33 250 €/m²2,75%915 €/m²8 years100% rented, multi-let
under contract23-25 rue de ProvenceIXᵉᵐᵉQCA St-Lazare / OpéraImmobilière Dassault9 500 m²247 m€27 000 €/m²Owner Occupier
Dec. 2021277 St HonoréVIIIᵉᵐᵉQCA ÉtoileGoldman Sachs2 700 m²100 m€37 037€/m²100% rented, multi-let
Oct. 202114 EylauXVIᵉᵐᵉQCA ÉtoileGLL3 700 m²104 m€28 500 €/m²2,60%740 €/m²9 years100% rented to One Point
Oct. 202133 JeuneursIIᵉᵐᵉQCA St-Lazare / OpéraAviva5 450 m²140 m€26 300 €/m²2,85%720 €/m²9 years100% rented to Total
Sep. 202117 HocheVIIIᵉᵐᵉQCA ÉtoileDeka2 460 m²71 m€30 900 €/m²2,75%850 €/m²12 years100% rented to Avisa Partners
Aug. 20219 AthènesIXᵉᵐᵉQCA St-Lazare / OpéraKanAm1 450 m²32 m€26 000 €/m²3,00%780 €/m²6 years100% rented to Rennes Business School
Apr. 202110 SolférinoVIIᵉᵐᵉRive GaucheInterparfums4 250 m²125 m€35 000 €/m²Owner Occupier
Mar. 2021Prony WagramXVIIᵉᵐᵉQCA ÉtoileAviva5 500 m²118 m€25 500 €/m²2,83%721 €/m²4 years100% rented, multi-let
Mar. 20219 PercierVIIIᵉᵐᵉQCA ÉtoileDeka5 900 m²140 m€25 500 €/m²2,62%664 €/m²3 years100% rented, multi-let
Feb. 202116-18 George VVIIIᵉᵐᵉQCA ÉtoileMACSF6 500 m²175 m€29 600 €/m²2,70%800 €/m²5 years100% rented to Givenchy + commerces
Dec. 20209 HelderIXᵉᵐᵉQCA St-Lazare / OpéraCipav1 700 m²45 m€27 600 €/m²2,90%800 €/m²6 years100% rented to Maison Kitsune
Oct. 202019 CalaisIXᵉᵐᵉQCA St-Lazare / OpéraAlduwaliya1 530 m²37 m€25 100 €/m²2,95%740 €/m²6 years100% rented to Izipizi
Sep. 2020173 HaussmannVIIIᵉᵐᵉQCA ÉtoileCNP Assurances10 000 m²322 m€29 700 €/m²2,90%862 €/m²11 years100% rented to Lazard
Sep. 2020173-175 boulevard HaussmannVIIIᵉᵐᵉQCA ÉtoileCNP Assurances6 950 m²190 m€29 300 €/m²2,80%820 €/m²10 years100% rented to August Debouzy
Sep. 202086 CourcellesVIIIᵉᵐᵉQCA ÉtoileTokoro1 100 m²28 m€26 000 €/m²Vacant
Sep. 202038 Albert 1erVIIIᵉᵐᵉQCA ÉtoileKresk3 100 m²80 m€25 600 €/m²Owner Occupier
Jul. 2020DelanoVIIIᵉᵐᵉQCA ÉtoileUBS / Zurich1 480 m²42 m€30 400 €/m²2,48%755 €/m²4 years100% rented, multi-let
Apr. 202033-35 BassanoVIIIᵉᵐᵉQCA ÉtoileAlduwaliya1 400 m²42 m€31 500 €/m²2,70%850 €/m²1 yearsSale and lease back CNIM
Apr. 202014 PyramidesIᵉʳQCA St-Lazare / OpéraCRPN3 500 m²100 m€29 000 €/m²Owner Occupier
Apr. 20207 MagdebourgXVIᵉᵐᵉQCA ÉtoileMACSF2 750 m²65 m€27 000 €/m²2,70%730 €/m²10 years100% rented to Morning Coworking
Mar. 202013 ItaliensIIᵉᵐᵉQCA St-Lazare / OpéraSwiss Life1 350 m²37 m€26 500 €/m²2,75%730 €/m²6 years100% rented, multi-let
Mar. 202012-12b AstorgVIIIᵉᵐᵉQCA ÉtoileDeka3 400 m²85 m€25 100 €/m²2,37%595 €/m²100% rented to Goodwin Procter
Mar. 202046-48 AnjouVIIIᵉᵐᵉQCA ÉtoileAviva10 000 m²250 m€25 000 €/m²2,60%650 €/m²9 years100% rented to Crédit du Nord
Jan. 202022 BanqueIIᵉᵐᵉQCA St-Lazare / OpéraCNP Assurances3 000 m²54 m€28 200 €/m²2,73%755 €/m²8 years100% rented to Céline
Jan. 2020SocoIXᵉᵐᵉQCA St-Lazare / OpéraAviva5 500 m²120 m€25 000 €/m²2,90%720 €/m²12 years100% rented to Faber Novel
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