Offices

"Take-up and requirements increase month on month, although under-offers continue to fall"

"Grade A supply has fallen by 53% since the end of 2019"

"Q2 take-up down 67% on the long-term average whilst tenant requirements remain on hold"

"We are expecting rental falls in H2 before rebounding next year once normality returns"

"May sees an uptick in the level of requirements, although more are being placed on hold"

"High levels of pent-up underlying demand remain despite slow pace of leasing activity"

" In the early days of social distancing and then lockdown, it seemed inevitable that the macroeconomic effects of the Covid-19 crisis would be severe. However, ever since then, experts have been continually revising upwards their estimate of its overall impact. For now, we have no forecast to offer, since any prediction is likely to be overtaken by events as France’s exit strategy becomes clearer. "

"Since 2019 began, a total of 1,655,000 sqm of office space has been let in Île-de-France – a perfectly respectable figure and close to the ten-year average (estimated at 1,690,000 sqm). Immediate supply is becoming even harder to find, yhere is currently 2,790,000 sqm of office space ready to let across the Île-de-France region, down 6% year on year. The overall vacancy rate remains low, at 5.2%. IN this, context, rental prices have been climbing steeply."

"The pressures have increased for an upward yield movement for some sectors"

"2018 saw the highest level of take-up ever recorded in Manchester. 2019 is expected to be another strong year"