Commercial real estate in France - statistics & facts

As one of the most populous and wealthy countries in Europe, France boasts a flourishing commercial real estate sector. Commercial real estate includes buildings with commercial use, such as production facilities, warehouses, distribution centers, offices, retail space, and hotels. In 2021, the estimated size of the French commercial property sector was 1.3 trillion U.S. dollars. Though still a go-to destination for investment, the commercial property investment market shrunk for the second consecutive year in 2021, as the economy continued suffering the effects of the coronavirus pandemic, slower economic growth, and rising inflation.

Offices are the largest asset class, followed by industrial and logistics real estate

About 16 billion euros out of the total 27 billion euros invested in commercial property went into the office asset class in 2021. Industrial and logistics, on the other hand, attracted 2.5 billion euros in investment. Among the different types of investors, funds were the most active investor group that year, followed by SCPIs and insurance companies. SCPIs, or société civile de placement immobilier are companies, which invest in and manage property on behalf of its shareholders by issuing shares to institutions and the public. SCPIs are similar to real estate investment trusts (REITs) which are popular in countries, such as the United Kingdom or the United States, but unlike REITs, they are not listed on the stock exchange. Some of the biggest SCPIs include Capimmo, Afer Immo, Afer Immo 2, LF Philosophale 2, and Sogevimmo.

Occupiers’ market: challenging times for the second largest office market in Europe

Besides being an international center for culture, Paris is one of the biggest economic powerhouses in Europe. Responsible for a hefty share of France’s GDP, the capital is home to the headquarters of some of the country’s biggest domestic and international companies, such as AXA, Credit Agricole, Societe Generale, and BNP Paribas, making its office sector exceptionally attractive. After London, office real estate rent in Paris was second-most expensive among the major European markets in 2021. Though the sector was well positioned to endure the impact of the pandemic, vacancy rates continued going up, exceeding 10 percent in some submarkets in Greater Paris in the first quarter of 2022. The industrial and logistics sector, on the other hand, benefited from the rise of e-commerce and experienced a sharp rise in demand. Both take-up, which measures the amount of space transacted, and rents increased in the key markets.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Jan 10, 2024

Key insights

Size of the commercial property market
1.3tr USD
Commercial property investment
26.7bn EUR
Market share of the largest SCI: Capimmo
41%
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Editor’s Picks Current statistics on this topic

Number of hotels in Paris, France as of January 2024, by rating

Hotels

Number of hotels in Paris 2024, by rating

Annual prime headline rent for warehouses over 5,000 square meters in the occupier logistics market in France from 2014 to 2023, by city (in euros per square meter)

Industrial

Annual prime rental costs for large warehouses in France 2014-2023

Initial prime yields of office properties in the Île-de-France (Paris) region of France from 2017 to 2022, by district

Office

Initial prime yields of offices in Paris, France 2017-2022, by district

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Further reportsGet the best reports to understand your industry

Office real estate in London (UK)
Office real estate in London (UK)
Office real estate in France, Spain, Italy, and Portugal
Office real estate in France, Spain, Italy, and Portugal
Real estate investments on the European market
Real estate investments on the European market
Global real estate market
Global real estate market
Commercial real estate in Italy
Commercial real estate in Italy
Commercial real estate in Europe
Commercial real estate in Europe
Industrial and logistic real estate in the United Kingdom (UK)
Industrial and logistic real estate in the United Kingdom (UK)
Commercial real estate in the United Kingdom
Commercial real estate in the United Kingdom
Warehousing in Europe
Warehousing in Europe
Residential real estate in France
Residential real estate in France

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