The industry's own research.
33 items
A mid-year review of European real estate market conditions and outlook from CBRE, assessing capital flows, investment activity, and sector performance across the continent.
It was 50 years ago that the famed blind taste test of Napa and French wines known as the Judgement of Paris crowned the California valley’s vineyards victorious. Overnight, Napa became a global destination synonymous with the world’s best wine. Now, Napa appears poised for another transformative moment. Just an…
Knight Frank's quarterly analysis of office market conditions and trends in the Greater Paris region.
Knight Frank analysis of office market conditions and trends in Paris's central business district for the first half of 2025.
Knight Frank's study of office market conditions in the La Défense business district for the first half of 2025.
Analysis of rental and yield trends across European prime real estate markets.
Knight Frank survey capturing investor sentiment and activity across European residential and living asset classes.
HVS examines Paris hotel market performance in 2026, covering tourism demand, hotel operations, supply dynamics, investment activity, and market outlook.
Newmark analysis examining retail transformation and evolution across major shopping districts in three global cities.
Analysis of the Paris retail property market and the global impact of celebrity brand expansion on commercial real estate.
The JLL Q1 2026 industrial real estate market report for Île-de-France documents 186,000 m² of leasing demand (down 28% year-over-year and 38% below the five-year average) across 205 completed leases, with average rents at 121 €/m²/year, prime rents at 190 €/m², and immediate available supply at 2 million m² (up 7% annually). The report attributes rent declines and weak demand to oversupply conditions and broad economic constraints affecting tenants, though the buyer's market reportedly provides companies with enhanced negotiating leverage.
The Île-de-France industrial real estate rental market in Q1 2026 recorded 186,000 m² of placed demand, down 28% year-over-year and 38% below the five-year average, with 205 transactions executed amid broader economic constraint. Average rents across the region stood at 121 €/m²/year, down from 126 €/m² a year prior, while immediate available supply remained high at 2 million m² (up 7% annually), creating favorable negotiating conditions for tenants despite the weakened demand environment.
French commercial real estate investment volumes reached 1.94 billion euros in the first quarter of 2026, representing a 47 percent decline from the same period in 2025 and the lowest level since 2010, driven by political instability in late 2025 and geopolitical tensions in Iran that dampened investor confidence. Across asset classes, offices recorded 711 million euros, retail 895 million euros, and logistics 225 million euros, with the report noting that price adjustments by sellers and approaching refinancing deadlines are necessary conditions for market normalization, while bond market volatility reaching levels unseen since 2022 is expected to have full impact on investment volumes only in the second half of 2026.
Knight Frank's 2025 assessment of Paris's prime residential market finds that average prices have risen 12% since the pandemic to €22,730 per square metre, while sales volumes have declined sharply to 12,220 properties in the second half of 2024, creating a buyer's market in resale apartments but continued strength in new builds, pied-à-terres, and hôtel particuliers. Global wealth mobility is driving renewed international demand, with Paris ranked as Europe's top relocation destination across all age groups in Knight Frank's 2024 European Lifestyle Report, while domestic French demand remains subdued due to buyers locked into low-rate mortgages, though early signs of recovery are emerging as eurozone interest rates fall.
This Cushman & Wakefield market report covers the Ile-de-France office market in Q4 2025, documenting economic conditions, office demand, pricing, and supply across the Paris metropolitan region. Key findings include: France's 2025 GDP growth revised upward to 0.9%, but office demand in Ile-de-France reached its lowest level since 2002 at 1.64 million square meters (down 9% year-over-year), while immediate office supply doubled to 6.247 million square meters over six years with a 10.7% vacancy rate, and prime office rents in Paris's central business district accelerated to a historical €1,250/m²/year while secondary market rents declined across most sectors.
French corporate real estate investment reached 13.7 billion euros in 2025, representing an 8% increase from 2024, with offices accounting for 50% of total investment volumes while political and economic uncertainty constrains broader market recovery. The document projects investment growth of approximately 10% annually over 2026-2027, reaching 15 billion euros in 2026 and 17 billion in 2027, contingent on downward adjustments in asset valuations and clarification of fiscal policy following upcoming elections.
French residential investment reached 1.86 billion euros in the first half of 2025, representing 11 percent growth compared to the same period in 2024, driven primarily by existing residential properties and student housing with prime yields ranging from 3.50 to 5.00 percent across asset classes. Student residences confirmed their status as a safe-haven asset, accounting for 691 million euros or 37 percent of total volumes, while senior care residences struggled with only 17 million euros invested, and Île-de-France concentrated 52 percent of all investment activity.
The Cushman & Wakefield MarketBeat report on Paris office space in first quarter 2025 examines office market activity in Île-de-France, documenting 419,200 square meters of leasing volume across 660 transactions, representing a 6 percent decline year-over-year and marking the third-weakest start to a year in the past decade. Key market findings show immediate office availability reached 5.8 million square meters (an all-time high), the overall vacancy rate stood at 10 percent, and prime office rents averaged 1,154 euros per square meter annually, with geographic variation including improved activity at Paris QCA and La Défense while peripheral markets experienced elevated vacancy rates above 15 percent.
This is a hospitality sector market spotlight report published by Cushman & Wakefield on December 31, 2024, covering the greater Paris hotel market in France.
JLL's Q4 2025 analysis of Zurich's high street retail market reports that prime rents on Bahnhofstrasse increased 26% over five years to reach CHF 10,750 per square meter annually by end-2025, ranking third in Europe behind Paris and London, with vacancy rates held below 1% by strong brand demand. The report attributes continued retail sector strength to Zurich's top-ranking European purchasing power position.
For the first quarter of 2026, the Île-de-France industrial real estate rental market recorded 186,000 m² of placed demand, down 28% year-over-year and 38% compared to the five-year average, with 205 lease signatures. Average rents stood at 121 €/m²/year (down from 126 €/m² a year prior), prime rents at 190 €/m², and new space rents at 140 €/m², while immediate supply remained abundant at 2 million m², up 7% annually, creating favorable market conditions for tenants with enhanced negotiating power.
Residential real estate investment in France totaled 703 million euros in the first quarter of 2026, representing a 20 percent decline from 882 million euros in the first quarter of 2025, driven by a significant reduction in transaction volume (43 versus 73 transactions) and the absence of portfolio investments. Foreign investors maintained a 22 percent market share in the quarter but were highly selective, focusing their investments exclusively on Paris and Hauts-de-Seine.
In the first quarter of 2026, 333,000 square meters of warehouses exceeding 5,000 square meters were exchanged in France, representing a 67 percent decline year-over-year, driven by widespread economic uncertainty stemming from geopolitical turbulence, macroeconomic concerns, and regulatory changes. Prime rents increased slightly year-over-year across most markets, reaching €89 per square meter annually in Île-de-France and €71 in Lyon, with 58 percent of trading volume occurring outside the Dorsale corridor, including 67,000 square meters in Centre-Val de Loire.
The first half of 2026 saw €3.1 billion invested in Île-de-France real estate, representing an 18% decline from the first half of 2025 (€3.7 billion) and 34% below the five-year average for similar periods. Prime yields remained stable at 4.00% for office and retail assets, while logistics and industrial properties saw a 10 basis point increase to 4.90% and 5.90% respectively, with the second quarter marking a modest recovery at €1.7 billion invested.
In the second quarter of 2026, 389,300 square meters of office space were marketed in Île-de-France, bringing placed demand to 750,000 square meters for the first half of the year, down 5 percent annually and 18 percent below the five-year average. Prime rents in the region showed resilience but were accompanied by elevated support measures, with the prime rent for the QCA reaching €1,240 per square meter annually, while available supply reached 6.57 million square meters at the end of Q2 2026, up 10 percent year-over-year.
Office demand in Île-de-France reached 367,400 square meters in the first quarter of 2026, representing a 15 percent decline year-over-year and an 18 percent decrease compared to the five-year average. The market environment remained constrained, characterized by increased user hesitancy driven by economic uncertainties.
The REview Bureaux Île-de-France T4 2025 report covers the Île-de-France office market for the fourth quarter of 2025, documenting 1.6 million square meters of demand placed over the full year 2025. Tertiary investment in the region reached 5.6 billion euros in 2025, representing a 57 percent increase year-over-year.
This is a market report published by Knight Frank in September 2025 covering the French investment market as of the third quarter of 2025. The report focuses on capital markets activity in France, with particular reference to Paris.
Paris's prime residential market continues to demonstrate resilience despite a barrage of headwinds, according to Knight Frank's Residential Paris Market Insight 2025 report released in June 2025.
This is a market report published by Knight Frank at the end of 2025 covering the office sector in the Greater Paris Region. The report presents Q4 2025 findings for the Paris office market in France.
This is a data and figures report published by CBRE on December 31, 2025, presenting office sector statistics and metrics for the Greater Paris region in France for the fourth quarter of 2025.
Pan-European office market review showing prime yields compressing to 4.96% in Q2 2025, led by Madrid, Barcelona, Paris CBD and Amsterdam.
In its 23rd edition, the report found sentiment shifting from cautious optimism to pragmatism, with the share of leaders concerned about deglobalisation more than doubling to 70 percent, while London, Madrid, Paris and Berlin led the city rankings.