Over the last 15 years, office take-up in the main French regional markets (Aix/Marseille, Bordeaux, Lille, Lyon, Nantes and Toulouse) has risen by an impressive 82 percent on average, according to BNP Paribas Real Estate.
With nearly 1.3 million square meters (14 million square feet) rented or sold in 2019, the record was broken for the sixth consecutive year. There was an 11 percent increase over 2018, thanks in particular to exceptional results in Lyon and Bordeaux. A positive sign is that the increase affected newly built properties, which are the most sought after by occupiers, as much as second-hand properties, thus absorbing the available supply. In addition, “take-up of offices built speculatively was a record 506,000 square meters (5.4 million square feet), up 23 percent in one year. These successes show it
