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Property Times La Défense Q4 2015

The full report

La Défense office market saw a positive end to 2015 posting its best quarterly performance during Q4 2015 with take-up reaching just over 53,000 sq m. For the year as a whole, take-up stood at just under 141,000 sq m of office space, representing a 41% year-on-year decrease. This market has suffered heavily from further decline in major transactions (-58% year on year). In spite of the number of transactions being in line with the 10-year average, the total transaction volume (72,700 sq m in 2015) was much lower than normally seen (120,300 sq m).