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The commercial property market in the region partly reflects the situation in the capital. The vacancy rates in Paris continue to be low, while the city is unable to supply much more space. As a result, prime rent has already reached EUR 850 per square meter per year. On the contrary, Parisian suburbs are able to accommodate large companies as well as provide spacious venues and affordable prices. The situation in the region depicts a similar picture with take-ups dropping in the central part and growing in the Outer Suburb. Overall, the take-up of the offices in Île-de-France has reached 2.5 million sqm. Companies are attracted not only by the reputation of the district, but it’s impeccable infrastructure (transportation system, high quality of life, business infrastructure, networking opportunities, etc.). Offices in Île-de-France are home to about 35% of the executive office in the country. The market also reflects global office space trends. A quarter of it is being occupied by coworking spaces with a shared economy. More and more companies prefer to share accommodation in order to get a better working environment at an affordable price.

The “Island of France” is one of the most famous French regions, often also called the Parisian region as it includes the capital city. Île-de-France plays a dominant role in the French economy as its home to around 12 million people and produces over 30% of the country’s GDP. It is an economically successful district not only by French standards but by European too, as it has the highest GDP in the EU. Paris Region is a prominent business location. There is a constant demand for office space in Île-de-France including all eight administrative departments. Such concentration of jobs, corporate headquarters, SMEs, technology companies, startups, world-class competitiveness clusters, foreign groups attracts similar entities. The local economy has always included a large share of industrial productions and continues to do so. Moreover, as a result, the region boasts an impressive number of companies working in the science and technology sectors. Île-de-France is famous for its well-trained urban population as well as the best and the biggest talent pool of R&D workers. Overall, for the past 20 years, the Paris region continues to outperform the rest of France by growing GDP per capita, reaching the highest efficiency levels and the highest productivity growth.