Demand for offices in Ile-de-France increased in 2022

Take-up of offices, an indicator accounting for sales to the occupant and new rentals, amounted to 2,11 million square meters in 2022, compared to 1,92 million in 2021.

Result of the adaptation of companies to the new situation resulting from the pandemic, estimates Virginie Houzé, director of research and studies at the corporate real estate giant JLL.

"Companies have finalized their telework agreements, (...) and the corollary is the more structured deployment of + flex +", that is to say the end of nominative workstations.

“It leads to the resizing of certain real estate projects and that is why on large projects, we see a certain erosion”, she says.

Total demand remains lower than in pre-pandemic years.

Companies are also increasingly careful to retain their employees with good quality offices and to save energy.

"This is a subject that is emerging more and more and which will surely be even more driven in 2023 by the energy crisis and concerns in terms of costs", underlines Virginie Houzé.

Office supply is at a record level, with 4,32 million square meters immediately available.

A leap carried by the inner suburbs of Paris and the business district of La Défense, where two skyscrapers, the Hekla tower and the Aurore tower, have been completed without having yet found a buyer.

On the other hand, locations in Paris remain extremely popular, with very low vacancy rates and ever-higher rents: in the 4th quarter, the average rent in the districts of central and western Paris, the most in demand, was 692 euros per square meter per year. Elsewhere in the capital, it was 504 euros.

"We have companies that will look at buildings of good quality, very accessible, very central, well served in an urban environment, etc., so we have an appetite for the great classics of the market: the center of Paris, the mature markets of the West like Neuilly-Levallois", explains Virginie Houzé.