France

Our property experts in Paris understand local market and rent values in the booming Ile-de-France property market. Central Paris (€15.6 bn), has become the number one office investment market in Europe for the first time in the past ten years, followed by Central London (€15.3 bn)***. This is in part thanks to extended urban areas such as Greater Paris, which encompasses Paris’ surrounding suburbs and offers companies unique spaces just a short distance from the city centre. Several business districts such as La Defense, have arisen in the area in the last few years because of this dynamism.

Outside of Paris, cities such as Lyon, Lille, Marseille and Bordeaux are seeing the growth of business districts as well. Grand Lyon, which encompasses the outer suburbs of Lyon, is welcoming a number of commercial real estate projects over the coming years thanks to the renewal and renovation of the Part-Dieu business district. In Lille, Euralille is home to the third largest business district in France and is currently being developed under a project called “Euralille 3000,” which aims to add 250,000 sq m of new construction projects to the area.

Like its northern neighbours, the port city of Marseille is undergoing significant renovations thanks in part to a project, “Marseille-Euroméditerranée.” The project is one of the largest in Southern Europe and aims to renovate 480 hectares in the city centre, including the commercial harbour and international train station. The city of Bordeaux is also experiencing a transformation thanks to “Bordeaux Euratlantique,” a project that aims to build 2.5 million sq m of new residential buildings, offices and public spaces.

Whether you’re interested in commercial, retail, hotel or logistics property valuation, our property experts can help you across France’s regional centres.

Lastly, France’s booming start-up scene has drawn investors to local technology companies. The French Tech initiative supports over 10,000 start-ups across the country’s regional centres making France the largest tech incubator in the world. 

France is a rich and diverse property market. In order to perform an effective property valuation in any of its regional centres, it is vital to understand each market’s value with the help of a property expert.

*Source: World Bank

**Source: SustainableDev.org

**Source: BNPPRE Office Handbook 2017