Last update: May 2024
Which Office movements for which Business Sectors in the Paris Region?
In 2021, companies in the Industrial sector head the office market in Paris Region with 716,000 sq. m. of office space, closely followed by Legal and Consultancy firms (568,000 sq. m.) and the Public sector (479,000 sq. m.). Transport, Distribution and Retail companies follow closely with 476,000 sq. m. of office space.
The gap between Paris and its peripheral districts is becoming increasingly complex
Post-pandemic, Manufacturing companies prefer the Paris suburbs, while Consultancy and Legal firms choose Paris and the Western business districts. Banking is concentrated mainly in the CBD (Central Business District, districts 1, 2, 8, 9, 16 and 17). Tech and Communication-Creation dominate the CentreEast. The quality of the working area and the amenities have a major influence on the choice of location.
Reduction of office space: trends and key sectors
Over the past three years, the reduction of office spaces (> 5,000 sq.m) has accelerated in Paris region, driven by the adoption of flex-office and part-time remote work. This trend particularly affects banking, financial services, and the public sector. Conversely, the Luxury sector is expanding its spaces. Centrality and space optimization remain crucial for businesses, influencing their real estate strategies and location choices.
Office market trends in the Paris region by business sector
In this report, you will find key facts and figures on office take-up in the Paris Region by major business sectors such as Luxury, Legal, Finance, Tech and Pharmaceuticals. The majority of these sectors, particularly Finance, Communication and Tech, have reduced their office space, with 56% of movements targeting this reduction. On the other hand, the Retail and Luxury sectors have increased their surface areas in 63% of cases. Flex-office, adopted by 75% of large companies, has facilitated this optimisation of space.
