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Why rent office space in business centers of Paris

Paris is the biggest city in France with the population of over 2,2 million people. The leading economic sectors in Paris are consumer services, trade, tourism, commerce, and transportation. It can be compared to a small country like the Netherlands and generates about a third of the country’s wealth. 

In 2016, Paris was titled the second most attractive city for overseas investors after London by Global Cities Investment Monitor. Unsurprisingly, it has attracted €90 billion of foreign investment in recent years - more than 500 international companies operate here. Nowadays, businesses require a new type of workspace to be competitive. And offices are evolving and becoming more flexible to cater to this need. Paris already has the largest commercial real estate portfolio in Europe, with many new providers entering the market every year.

Business incubators and clusters in Paris

Entrepreneurship is thriving in Paris region. The city aims to attract foreign startups-30% outside of France by 2020. For instance, in 2016, 50 overseas entrepreneurs obtained a “Paris French Tech Ticket” and had a chance to join one of the city`s one hundred of business incubators. Halle Freyssinet (Station F) is the world’s largest, occupying the area of 30,000 m2. Its scale is striking: 3000 flexible workplaces and 26 international programs for startuppers, 8 event spaces, over 60 meeting rooms and a co-living space for 600 people (opens in 2018), which create a unique ecosystem. It is followed by Le Cargo - the leader in Europe, which provides coaching and other business services to young innovative companies.  Furthermore, there are 9 innovation clusters in Parris region, e.g. Cap Digital Paris-Région, which drive innovation in such industries as multimedia and digital, finance, sustainable transport, biomedical and health, etc. The government has a plan to consolidate major clusters with appropriate urban planning and creating convenient transport connections.

Office lease in Paris CBD, La Défense, and other business districts

The QCA (quartier central des affaires) or Central Business District of Paris is in the west of the city. It is the area where government institutions are located as well as luxury hotels, restaurants, and business centers, where many companies, especially providing financial services, rent workspace. Over half a million people work here, so it is not surprising that the demand for office lease is very high. Paris CBD can provide over 3 million m2 of office space for rent.

The La Défense Business District has the territory of 560 ha and is the biggest in Europe. It is the home to many global corporations, which rent business premises in multiple skyscrapers and office towers. The other business districts are Bourse de Paris, Opéra, and Saint-Denis Pleyel. Paris is developing rapidly, and many new business centers are being built. Moreover, the city offers not only many office lease options, but a wide variety of conference and event halls, like the convention center of Porte de Versailles - the biggest in France, or the famous Bourget convention center, one of the benefits of which is close proximity to the Charles de Gaulle airport. 

The city of inspiration

Paris inspires not only creative entrepreneurs, it is one of the world capitals of culture, art, and fashion. The City of Lights attracts over 25 million tourists all over the world. Apart from visiting the city’s countless landmarks, such as the Eifel Tower, Musée d'Orsay, the Louvre, Champs-Elysées, and Arc de Triomphe, one can enjoy multiple Paris festivals and events: Rock en Seine, Paris Jazz Festival, Nuit Blanche, International Contemporary Art Fair, the Bienalle de Paris and many others.

Paris is a trend-setting city in many spheres, especially fashion, which is the second most income-generating industry in France, widely supported by the government. It is the home to the world’s most glamorous fashion brands, and two global giants – holdings Pinault-Printemps-Redoute and LVMH set up their corporate headquarters here.

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