JLL: Paris CRE investment volumes down 10% in 2015
In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Paris fell by 10% in 2015. Capital values for prime offices rose by 11.5%. Rental yields for prime offices were 3.3%, or 227 basis points above the yield on the relevant long-dated government bond. Rents for prime office space fell by 3.4%. Net absorption during 2015 was equal to -0.6% of existing stock. At the end of the year, the office vacancy rate was 7.4% and the supply pipeline for 2016-17 equated to 4.2% of existing stock.
Source : JLL/ January 2016/Paris/OFF