In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Paris have risen/fallen by 9.7% over the last year. The prime yield is 3.5%, or a 2.30% premium to the yield on 10-year government bonds. Over the last year, rents have fallen by 4.1% and net absorption (on a rolling one year basis) has been -0.7%. The vacancy rate is currently 7.6%. Taking into account completions of new projects prior to the end of 2016, the supply pipeline is 2.6% of current stock. JLL considers that conditions will likely favour tenants in 2016.

Source : November 2015/JLL/Paris/OFF