Property Valuation: Marseille

Property valuation in Marseille

Our property experts cover all asset types, from logistics and office to retail and hotel. In addition, valuers are specialised by asset type and geographic region to better respond to your property valuation needs in the South of France.

Understanding property value in Marseille

With approximately 858,000*, Marseille is the France’s second largest urban area, after Paris. It is also its largest port city and serves as a major centre for commerce, freight and cruise traffic. As a result, Marseille is considered a major commercial and logistics hub in the Mediterranean. In addition, as a member of the French Tech programme, the seaside city is also home to numerous start-ups and incubators including Pays d’Aix, Marseille Innovation and the incubator, Belle de Mai. These elements have drawn occupiers, investors and banks to the city’s major business districts: La Joliette and Euroméditeranée.

Each district benefits from the city’s comprehensive transport system: Marseille’s TGV station and international airport link the city to Paris and capitals across Europe. Regional transport systems connect the city’s business districts via bus, rail and tramway. Expansion projects on its transport system aim to enhance traffic flow in the city centre.

In addition, transport improvements are expected to enhance circulation throughout different business districts. For example, Line 2 of the city’s metro network will be extended 900 meters to link to Capitaine Gèze station to better serve the Euroméditeranée district’s quartier de la Cabucelle. In 2018, the L2 Nord motorway will connect the city centre to auto routes A7 and A50 to improve circulation in the city centre and its surrounding suburbs.

Whether you wish to estimate the property value of a commercial, logistics or retail asset in Marseille, our valuers understand the trends affecting property value in Marseille and can guide you in your property valuations across the city’s submarkets thanks to advanced market knowledge from our Research and Analytics Department.

Property value in Marseille’s main business districts

Property valuation in Euroméditérrannée

Marseille’s diverse sectors of activity, mainly driven by its tourism and logistics sectors, have made the city’s property market attractive to logistics and multinational companies alike.

Euroméditerranée is one of Southern Europe’s most important business districts and is home to several multinational companies in the commercial, financial and media sectors. Occupiers benefit from new office space in the Art Deco style while proximity to transport makes it an attractive centre for international travellers working in the city.

In an effort to reinforce the city’s international reputation, the area known as Euroméditerranée is being expanded to increase urbanized space via mixed-use, environmental buildings and essentially double the size of the city’s main business district. The projects aim to increase the over 650,000 sq m of office space in years to 1 m sqm of new offices and commercial spaces for occupiers.

Property valuation in La Joliette

La Joliette is equal parts port district and business centre, offering prime logistics and office space. As a part of the Greater Euroméditerranée renewal programme, la Joliette’s docks were renovated and increased office space has attracted occupiers in the international commerce and telecommunications sectors. Neighbourhoods such as Docks Village, Rue de la République and Les Terrasses du Port have become micro centres for retail and commercial properties as well. Nearly 1 million sq m of new office and commercial space are expected in 2020.

Our valuers understand the fluctuations and trends affecting the area by the Marseille property market. Together with our dedicated Research and Analytics Department, they can address your property valuation needs across the Mediterranean.

*Source: UN

Our team in Marseille :

From offices, retail, logistics, hotel, student and senior housing to health centres our experienced valuers in Marseille know the local property market and the trends affecting property value in the city’s different submarkets. Together with a dedicated Research and Data analytics department, BNP Paribas Real Estate Valuation France can guide you in your property valuations for all asset types in Marseille.

Contact us

Our real estate experts bring you an answer adapted to your needs

You are

User

Bank

Investor

By ticking this box, I object to receive commercial solicitations by email from BNP Paribas Real Estate Valuation France

By ticking this box, I object to receive commercial solicitations by SMS/MMS from BNP Paribas Real Estate Valuation France

By ticking this box, I object to receive commercial solicitations by phone from BNP Paribas Real Estate Valuation France

*Mandatory fields

BNP Paribas Real Estate Valuation France, a simplified joint-stock company registered at 50, cours de l'Ile Seguin, 92100 Boulogne-Billancourt, acting as Controller, processes information about you for the purposes of keeping statistics and executing any requests submitted to us through the website and, in some cases, for the purpose of sending you commercial solicitations (based on your consent or any applicable regulation).

For more information about how BNP Paribas Real Estate Valuation France is processing your personal data in this context and an explanation of your rights (including a right of access, rectification, objection to direct marketing and a right to set guidelines with regards to the use of your personal data after your death, as well as, in certain circumstances, a right of erasure, restriction of processing, data portability and a right to object to other forms of processing) and BNP Paribas Real Estate Valuation France's obligations in that respect, please consult our Data Protection Notice available at : https://data-privacy.realestate.bnpparibas/