The industry's own research.
1,979 items
showing 1,441–1,500 of 1,979
Spanish retail in Madrid and Barcelona started 2026 with balanced growth driven by consumption, tourism, and strong fundamentals, with fashion, leisure, and food & beverage sectors leading market performance amid a shortage of prime retail space and historically low availability. Prime high streets showed very high occupancy levels, shopping centres demonstrated positive trends in sales and footfall, and retail investment gained traction with a focus on yield stabilization and market normalization.

Germany's commercial real estate investment market recorded €8.9 billion in transaction volume during Q1 2026, a 12 percent increase year-over-year, driven primarily by single-asset deals outside the seven major metropolitan areas while yields remained stable despite rising government bond yields compressing risk premiums. The document attributes this modest positive momentum to improved economic conditions compared to 2022, broader investor participation across asset classes (led by Living at 28 percent of volume), and ongoing deal completion from transactions initiated in 2025, though geopolitical tensions and rising financing costs have created cautious sentiment among some market participants.
The Q1 2026 MarketBeat Spain Industrial & Logistics report covers the industrial and logistics property sector in Spain, with particular focus on Madrid and Barcelona markets, analyzing demand activity, occupier behavior, investment trends, and rental dynamics. Key findings include Madrid recording over 310,000 square meters of take-up and Barcelona reaching 235,000 square meters in Q1 2026, with occupiers prioritizing prime high-quality assets meeting ESG criteria, while tightening availability—especially in Barcelona—drives upward rental pressure and confirms strong market fundamentals despite global economic uncertainty.
BNP Paribas Real Estate's first-quarter 2026 Barcelona office market report documents total availability at 11.95%, with absorption of 72,312 square meters across 61 transactions and average rents at 19.45 euros per square meter monthly, rising 4.3% year-over-year. The report projects 2026 gross absorption of approximately 315,000 square meters with a 5% increase in contracting activity, against a Spanish GDP growth forecast of 2.3%.

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.

Munich's office market achieved approximately 581,000 square meters of take-up in 2025, representing a slight 4% decline from 2024's 606,000 square meters, though the final quarter registered 173,000 square meters, the strongest quarterly result since Q3 2022. Demand distributed evenly across all size segments with Centre Fringe East and City Centre as leading zones, while premium office rents reached €58.00 per square meter amid a low 3.4% vacancy rate in the city center.

JLL's European Retail City Profile for Barcelona, published in November 2025, presents market insights on the city's retail sector, including its position as the fourth largest retail market in Europe with annual sales expected to reach €39.0 billion in 2025 and an average metropolitan population of 6.0 million inhabitants. The document reports that Barcelona's disposable income per household averages €60,000 in 2025 (13% above the national average), retail sales are forecast to grow 3.3% annually from 2025 to 2029, the city attracted over 26 million visitors to its metropolitan area generating more than €10 billion in tourism spending, and premium shopping street Paseo de Gracia commanded the highest rents at €3,226 per square meter per year in Q3 2025.

Transactional activity in the Yorkshire and North East logistics market increased 49% in 2025 to 4.59 million square feet across 21 transactions, with take-up representing the highest volume since 2022 and 3% above the pre-pandemic average, while available warehouse space rose 5% to 11.1 million square feet at year-end with a combined vacancy rate of 10.45%. Third-party logistics providers and manufacturing companies accounted for 68% of transactional activity, Grade A space comprised 65% of deals, and the market faces undersupply in certain size bands with no units currently under construction following completion of Central A1(M) 785 in Q4 2025.

Munich's investment market achieved €2.56 billion in transaction volume during 2025, with 44% or €1.1 billion concentrated in the fourth quarter, driven largely by two major Signa property sales (Oberpollinger and Corbinian); small and medium-sized deals under €100 million increased 15% compared to 2024 and reached €1.4 billion. Prime yields shifted modestly, with logistics assets rising 25 basis points to 4.50%, while retail high street and office sectors remained flat at 3.45% and 4.20% respectively.

This is a retail market data report published by CBRE on December 31, 2025, presenting figures for the fourth quarter of 2025 in Madrid, Spain.

Berlin's office market recorded 486,000 square meters of total transaction volume in Q4 2025, down 16 percent year-over-year, with large contracts above 5,000 square meters declining 71 percent while smaller deals up to 5,000 square meters increased 17 percent. Vacancy rose to 1.93 million square meters (8.9 percent vacancy rate) over the 12-month period, prime rents increased 4 percent to 47 euros per square meter, and top-performing submarkets were Mitte, Charlottenburg/Tiergarten, and Kreuzberg/Neukölln, with the market dominated by smaller, premium-quality spaces in city-center locations.

Milan's office market achieved 401,000 square meters of take-up in 2025 with a 6% year-on-year increase and 352 occupier transactions, ending two years of contraction, while Grade A/A+ premises represented 79% of total take-up. Prime office rents surged 11% in Q4 2025 to €800 per square meter per year in CBD Duomo and €760 in CBD Porta Nuova, though the overall vacancy rate edged up to 10.1% with CBD submarkets maintaining tight availability at 3.2% average vacancy.

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.

Portugal's real estate investment market closed 2025 with total investment reaching 2.7 billion euros, an 11 percent increase compared with 2024, with logistics emerging as the strongest performer at 114 percent growth year-on-year. Economic fundamentals remain solid, with GDP growth projected at 2.3 percent for 2026 and unemployment at 5.9 percent, supported by strong labour market conditions and EU Recovery and Resilience Facility funding.

This Savills report examines Portugal's flexible workspace market, particularly in Lisbon and Porto, analyzing how post-pandemic hybrid work models have driven demand for coworking hubs, innovation spaces, and serviced offices beyond traditional corporate offices. The document presents the flexible workspace sector as steady-growing in Portugal, driven by startups, remote work culture, and international companies, while positioning Portugal as an attractive hub for flexible work due to its quality of life, cost efficiency, talent, and digital infrastructure.

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.

The Munich logistics market recorded take-up of 266,000 square meters in 2025, representing a 26% increase compared to 2024 and approaching the ten-year average. Prime rents increased 7% year-on-year to €11.25 per square meter, while average rents rose 10% to €9.90 per square meter, with significant demand distributed across multiple size categories and sectors.

Madrid's office market recorded take-up of 147,500 square meters in Q4 2025, with annual 2025 take-up around 530,000 square meters in line with pre-Covid levels, while prime rent closed at €43/sqm/month with expected continued increases in 2026 due to limited high-quality supply. Spain's total office investment in 2025 reached approximately €2.4 billion, with Madrid accounting for 67% and Barcelona 28%, though nearly €500 million involved conversions to residential or tourism use, predominantly in Madrid.
In the third quarter of 2025, Madrid's logistics market reached 379,831 square meters with contracting volume up 160 percent compared to the same period in 2024, comprising 21 new contracts and an availability rate of 8.77 percent. Prime rental rates stabilized at 7.00 euros per square meter monthly, with annual growth holding at 3.7 percent despite a 58 basis point decline in quarterly contracting.

Munich's office market showed strong third-quarter 2025 performance with space take-up of approximately 140,800 square meters, up 15 percent from the prior quarter, though year-to-date take-up of 401,600 square meters was 9 percent below the same 2024 period. Prime rents reached €55.00 per square meter (up 5.8 percent year-over-year) while the vacancy rate declined slightly to 8.1 percent, with demand for high-quality central locations remaining robust despite rental prices approaching €70.00 per square meter at maximum levels.

This is a market report published by Colliers in September 2025 providing a snapshot of the logistics sector in Portugal, with focus on the Lisbon region.

This is a market data report published by CBRE on September 30, 2025, presenting office sector figures for the third quarter of 2025 in Madrid, Spain.

This is the 45th edition of Cushman & Wakefield's MarketBeat Portugal report, covering economic forecasts and commercial real estate sector analysis for autumn 2025. The document presents Moody's Analytics forecasts indicating moderate Portuguese economic growth of 1.7% GDP in 2025, with private consumption rising 2.9%, investment growing 5.3%, inflation at 2.4%, and unemployment declining to 6.1%, while longer-term projections (2026–2027) show continued gradual acceleration with GDP growth of 2.0–2.1% and unemployment falling to 5.2% by 2027.

This is a market report published by Colliers in June 2025 providing a snapshot of office sector conditions in Lisbon and Porto, Portugal.

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.

Portugal's industrial and logistics market recorded 206,530 square meters of year-to-date take-up through Q2 2025, with 129,405 square meters leased in the second quarter across 17 new occupancy deals, while prime rents reached €5.50 per square meter per month in Greater Lisbon and €5.75 in Greater Porto. According to Moody's Analytics, Portuguese GDP growth is forecast at 1.7% for 2025 followed by 2.6% in 2026, with four projects totaling 96,600 square meters completed in Q2 2025 and a pipeline of 498,250 square meters planned over the next three years, with Greater Lisbon's vacancy rate at 4.2%.

The document reports on Portugal's retail market in Q2 2025, covering economic fundamentals including 1.7% GDP growth forecasted for 2025, unemployment at 6.3%, and retail sales growth of 5.7%, alongside demand evolution showing 390 retail deals in H1 2025 and prime rent variations across formats and locations. Supply data indicate two retail schemes were completed in Q2 2025 totaling 33,000 square meters, with a pipeline of 171,190 square meters across Portugal, while prime rents in Lisbon's Chiado high street reached €140.0 per square meter per month and remained stable in shopping centres and retail parks.

The Cushman & Wakefield Lisbon Office MarketBeat Q2 2025 report covers the Greater Lisbon office market, documenting take-up of 83,840 square meters in the first semester of 2025 (a 34 percent year-on-year decline), with the vacancy rate at 7.4 percent and prime rent stable at €29.00 per square meter per month in the Prime Central Business District. The report projects Portuguese GDP growth of 1.7 percent in 2025 followed by acceleration to 2.6 percent in 2026, and highlights that the largest transaction of Q2 2025 was Banco de Portugal's acquisition of a 32,000 square meter building at Entrecampos for future headquarters.

Portuguese commercial real estate investment reached €1,257 million in the first half of 2025, representing 70% growth year-on-year, with retail accounting for 47% of total volume invested. The economy is forecast to grow 1.7% in 2025 followed by 2.6% in 2026, while prime yields stand at 5.00% for offices, 4.00% for high street retail, 5.50% for logistics, and 6.75% for retail parks as of Q2 2025.

Portugal's commercial real estate investment market recorded €1.23 billion in total volume during the first half of 2025, representing a 69% increase compared to H1 2024, with retail emerging as the leading sector at €616 million followed by hospitality at €330 million. Cross-border capital dominated activity at 76% of Q2 2025 investment volume, with investors from Spain, France, and the United Kingdom remaining active, while capital from Germany and the United States has been absent from recent transactions due to broader macroeconomic pressures.

Savills Research examines the Spanish logistics market across Madrid, Barcelona, and Valencia in Q1 2025, analyzing take-up, rents, supply, and geographical distribution. The Madrid Central Region recorded 215,000 sq m of take-up with prime rents at €6.25/sq m/month and a 10.4% vacancy rate, while Barcelona achieved 150,000 sq m take-up with prime rents at €8.75/sq m/month and 4.92% vacancy, and Valencia recorded a record 208,000 sq m take-up (driven largely by a major Tempe self-development project) with prime rents stable at €5.50/sq m/month and a 0.66% vacancy rate.

Berlin's real estate investment market recorded €986 million in transaction volume during Q1 2025, representing a 116% increase compared to Q1 2024, with the market regaining its top position nationally from Munich; the surge was driven largely by the €400 million-plus sale of the Upper West to the Schoeller Group family office, supplemented by increased activity in medium-sized transactions. Net prime yields remained stable at 4.25% for office and logistics properties and 3.70% for premium retail, with office properties dominating 67.5% of investment volume and central locations accounting for 78.8% of transactions.

This is a Q1 2025 market data report published by CBRE on March 31, 2025, presenting figures for the industrial and logistics sector in Catalonia and Barcelona, Spain.

Frankfurt's office market recorded 194,600 square meters of take-up in Q1 2025, exceeding the five-year average by 124% and the ten-year average by 92%, driven primarily by two major financial institution lettings totaling 105,000 square meters. The vacancy rate rose to 10.8% (1.3 million square meters) despite record take-up, prime rent increased to €50.00 per square meter per month, and Cushman & Wakefield forecasts full-year 2025 take-up of around 400,000 square meters with prime rent expected to reach €52.00 per square meter per month by year-end.

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.

Savills Research analyzes Spain's high street retail market as of February 2025, reporting that Spain's GDP grew 3% in 2024 driven by tourism recovery and consumption, with inflation declining to 2.8% and unemployment reaching 10.6%, the lowest since 2008, while the General Retail Trade Index closed at 106.56 representing 1.7% growth. The document covers prime retail street performance across Madrid, Barcelona, Valencia, Seville, and Málaga, finding that after two years of significant increases, 2024 was a stabilization year with pedestrian traffic declining 2.4% and store entries declining 2.2%, though Madrid's prime retail market of 896 units achieved near-full occupancy on streets like Preciados with only one available unit at €263/sq. m/month rent.

Madrid's office market recorded 128,000 sq m of take-up across 153 deals in Q1 2025, representing a 13.6% decrease from the same period in 2024 but driven by robust demand with the highest number of transactions since 2017. Average deal size fell to 838 sq m as large-scale transactions declined, while rents continued upward momentum with Prime CBD achievable rents reaching €37.50/sq m/month and average market rents at €19.92/sq m/month, though office investment remained subdued at €80 million while repurposing activity surged to €160 million.

This document analyzes Lisbon's residential market in Q1 2025 within the broader context of international and Portuguese economic conditions. It presents forecasts showing Portugal's GDP growth at 2.4% in 2025 and 1.9% in 2026, while noting eurozone GDP growth projected at 0.8% in 2025 and 1.0% in 2026, with ECB interest rates expected to fall to 1.75% by end of 2025, alongside Portugal-specific market data including construction cost increases of 3.1% year-on-year in February 2025 and housing loans granted of €1,991 million in January 2025 at a fixed interest rate of 3.60%.

Frankfurt's investment market achieved a transaction volume of just over €1.6 billion in 2024, representing a 36% increase from 2023 despite falling 73% short of the long-term average of €6 billion, with office properties dominating at 62.1% of market share and generating approximately €1.0 billion in investment. Net prime yields stabilized at 4.50% for office, 3.75% for retail, and 4.25% for logistics properties, while Subcentres and the City Centre accounted for approximately 61% and 30.5% of investment activity respectively, with deals in the over €50 million segment rising to 62% of the market.

This is a hospitality sector market spotlight report published by Cushman & Wakefield on December 31, 2024, covering the greater Paris hotel market in France.

This is a data-figures report published by CBRE on March 31, 2026, presenting first-quarter 2026 market figures for the multifamily residential sector in Stockholm, Sweden.

The Cushman & Wakefield Sweden MarketBeat report for Q4 2025 documents that Swedish commercial real estate investment volume reached SEK 61.5 billion in Q4, nearly flat year-over-year, with full-year 2025 volume totaling SEK 171.2 billion (a 26% increase versus 2024), driven by robust domestic and Nordic investor appetite and led by residential sector activity at 22% of transaction volume. The Swedish economy has entered a recovery phase supported by expansionary fiscal measures, with GDP growth at 2.6% year-over-year in Q3 2025, unemployment at 8.2%, and prime yields stable across most segments at or near 3.85–4.85%, signaling sustained investor confidence despite elevated but declining unemployment expectations.

Cushman & Wakefield's Sweden Office Q4 2025 MarketBeat report tracks office market conditions across Stockholm, Gothenburg, and Malmö, reporting full-year 2025 completions of 124,000 sq m with an under-construction pipeline of 372,000 sq m and expecting approximately 130,000 sq m of deliveries in 2026. The report shows Stockholm CBD vacancy at 7.5% with prime rent stable at SEK 9,800/sq m and prime yield at 3.85%, while Gothenburg CBD vacancy remained stable at 15.0% with prime rent increasing to SEK 4,500/sq m, and Malmö CBD vacancy rose to 10.0% with prime rent stable at SEK 3,700/sq m.

The Cushman & Wakefield MarketBeat report for Swedish logistics in Q4 2025 documents that nearly 137,550 sq m of new space was added to the market in Q4, with total 2025 completions falling below 0.5 million sq m compared to 1.4 million sq m in 2024, though completions are forecasted to rebound to approximately 1 million sq m in 2026. The report finds that vacancy rates declined in regional cities to 9.5 percent while remaining stable in major markets (Stockholm at 11.5 percent, Gothenburg at 6.5 percent, Öresund at 5.5 percent), and prime yields and rents remained stable across all regions with Stockholm and Gothenburg both at 4.85 percent prime yield and SEK 1,050 and SEK 1,000 prime rent respectively.

This is a market report published by Colliers in December 2025 covering the hotel sector in Stockholm, Sweden, focusing on performance metrics and investment activity.

Poland's regional office market comprised 6.73 million sq m across eight cities as of Q3 2025, with total leasing activity reaching 521,800 sq m (up 6% year-on-year) driven largely by IT, business services, and manufacturing sectors accounting for 52% of take-up. New supply delivery stalled at 18,000 sq m (down 76% year-on-year) while vacancy rose to 17.7% overall, with significant variation across markets ranging from 6.8% in Szczecin to 23.4% in Katowice, and prime headline rents for class A office space ranged from EUR 11.50 to EUR 17.00 per sq m per month.

Poland's warehouse and industrial market reached 36.03 million square meters of total stock at the end of H1 2025, with new supply declining 30% year-over-year to 1.15 million square meters while vacancy rates compressed to 7.9%, signaling movement toward market equilibrium. Gross take-up rose 10% year-over-year to 2.95 million square meters in H1 2025, though net take-up declined 17% to 1.34 million square meters, with lease renewals representing 54.5% of total demand as occupiers increasingly prioritized operational continuity over relocation.

This Knight Frank publication surveys Kraków's real estate market across office, retail, warehouse, hotel, residential, and investment sectors as of 2025. The office market section reports that Kraków holds 1.83 million square meters of office stock with a 19% vacancy rate, achieved 267,000 square meters in leasing demand in 2024 (the highest among Polish regional cities), and has 52,000 square meters under construction, with Class A rents ranging from EUR 14–18 per square meter per month.

Cologne's warehouse and logistics market recorded take-up of 82,000 sqm in Q1 2026, representing a 156% increase year-over-year and 30% above the ten-year average, driven largely by major contracts including a 35,000 sqm lease by logistics provider Goodcang in Bergheim. Prime rent for modern logistics properties stood at €8.20/sqm with a year-on-year increase of 6.5%, while average rent reached €6.70/sqm (+6.3%), with both rental levels expected to remain stable through the year despite underlying economic and geopolitical headwinds.
Rotterdam has the highest office vacancy rate among the G4 Dutch cities at 10.9%, compared to Amsterdam (5.5%), The Hague (4.9%), and Utrecht (6.1%), with significant quality variations across sub-areas such as Kop van Zuid and the Central Business District. Savills research indicates that mixed-use development, residential conversions, and sustainability improvements, exemplified by projects like the Tree House development, are expected to positively impact vacancy rates and renew office stock in Rotterdam.

Colliers' Q1 2026 City Survey covers the Düsseldorf office and German industrial/logistics letting markets, reporting that office take-up across Germany's top seven markets totaled 613,500 sqm (down 14% year-over-year) with mixed performance by city, while the industrial and logistics sector recorded 1.5 million sqm of take-up (up 19% year-over-year) driven by increased large deals and growing Asian user presence. The office market faced weakness in the mid-sized segment and rising vacancy rates to 8.7%, while premium rents remained stable to rising; industrial and logistics markets saw 4% average rent growth and improved sentiment particularly in the big box sector.

Düsseldorf's logistics market recorded take-up of 66,000 square meters in Q1 2026, representing 10% above the ten-year average despite a 35% decline from the exceptionally high Q1 2025 result. Prime rents for space of 5,000 square meters or more stabilized at €8.70 per square meter, while average rents remained unchanged at €7.00 per square meter, with approximately 20 lease deals registered—the highest number since 2021.

The document is a commercial real estate market study for the Lyon agglomeration's business premises sector in the first quarter of 2026, published by Arthur Loyd and Brice Robert. Placed demand reached 63,997 square meters with 74 transactions, representing a 22% volume increase versus Q1 2025 despite a 19% decline in transaction count, with the average transaction size rising to 865 square meters and new or restructured space falling to 16% of activity.

The Lyon office investment market recorded €108 million in transaction volume during the first quarter of 2026, representing a 29% decline from the same period in 2025 and a 56% decline compared to the five-year average for first quarters. Prime yield rates remained stable, ranging from 5.50% to 5.75% for office space and 4.80% for logistics.

Cologne's office market recorded 45,000 sqm of take-up in Q1 2026, representing a 33% year-on-year decline and 24% below the long-term average, amid a challenging macroeconomic environment characterized by subdued activity and fragmented contract structure. Prime rent remained stable at €33.50 per sqm while average rent increased 3.9% year-on-year to €21.40 per sqm, with total vacant space rising to 515,000 sqm at a 6.5% vacancy rate, though modern vacancy declined to 115,000 sqm with a high pre-letting rate of 73% on 190,000 sqm of space under construction.

The document reports on the office real estate market in the Lyon metropolitan area for the first quarter of 2026, showing 30,898 square meters placed across 99 transactions with a 32% volume decline and 13% transaction decline compared to Q1 2025. Key findings indicate rental transactions dominated at 89% of activity, the new and restructured segment fell to 25% of placements, average transaction size decreased to 312 square meters, prime rental rates held steady at 380 euros per meter, and vacancy rates stood at 8.2% for the agglomeration and 8.4% for inner Lyon.

The document analyzes the industrial rental market in Marseille in the first quarter of 2026, reporting that approximately 34,000 m² were transacted, representing a 23% annual increase but still 5% below the five-year average, while average rents declined to 94 €/m²/year from 106 €/m²/year the previous year due to economic conditions and supply shortages. Prime rents remained at 130 €/m²/year, supported by limited supply and tertiarization of assets in premium zones, while new space rents fell to 113 €/m²/year and secondary space rents decreased to 91 €/m²/year.

The JLL report analyzes Lyon's industrial real estate rental market in Q1 2026, noting a 12% year-over-year rebound with 64,700 m² exchanged, though this remains 14% below the five-year average. Prime rents reached €125/m²/year while average new space rents held steady at €102/m²/year and second-hand rents rose to €92/m²/year, with immediate availability reaching 620,000 m² (+36% annually), indicating a supply-rich market favoring tenants despite strong underlying demand for new space.