Market shifts impact Vertou business development
The commercial real estate market south of Nantes is currently experiencing a period of adjustment, with two prominent business park developments in Vertou facing significant delays or outright cancellation. This situation, driven by economic headwinds and a perceived slowdown in demand for new commercial spaces, offers a unique lens into the evolving landscape for businesses seeking office, workshop, or industrial premises in the Nantes metropolitan area.
Project 1: Carré Sainte-Anne stalls amidst demand concerns
The 'Carré Sainte-Anne' project, ambitious in its scope, aimed to introduce nearly 10,000 m² of mixed-use space within the Vertonne industrial zone. Spearheaded by SAS Baden 16, the development envisioned six buildings offering office space and artisan workshops, complemented by a restaurant and 190 parking spots. Despite a permit being issued in December 2022, and an initial target for two office buildings (2,500 m² and 1,500 m²) by Q3 2025, construction has yet to commence. The project is now stalled, with its permit validity nearing expiration. The promoter is reportedly considering a reconfiguration, citing 'less demand than expected' as a primary reason for the delay. For businesses, this indicates a potential surplus of existing inventory or a more competitive market for commercial office rentals and workshop space in Vertou, rather than a lack of future options from this specific development.
Project 2: P2i's artisan workshop park abandoned
Further illustrating the market's challenges, another 10,000 m² business park designed for artisan workshops, planned by the Angers-based company P2i on the same street (the former site of Mousquetaires warehouses), has also come to a definitive halt. P2i entered receivership in November 2024, leading to the abandonment of the project and the subsequent sale of the land. A Breton group specializing in construction materials has acquired the site, with plans to establish one of its own platforms there. This outcome removes a significant future supply of dedicated artisan workshop space from the Vertou market, highlighting the importance for businesses to assess current availability for industrial space in Nantes and surrounding areas.
What this means for businesses seeking space in Nantes
The halt of these two substantial business park developments paints a picture of a commercial property market in Nantes and Vertou that is undergoing recalibration. For businesses looking for office space, warehouse solutions, or artisan workshops:
Current market opportunities: Reduced future supply from these projects, coupled with 'less demand than expected,' could mean favorable conditions for businesses exploring existing commercial real estate listings. Landlords may be more flexible on terms for ready-to-move-in properties.
Strategic planning: Businesses should be proactive in their search, not relying on future developments that may or may not materialize as planned. Exploring existing industrial space in Nantes and current office rentals in Vertou is crucial.
Expert consultation: Engaging with local commercial real estate professionals can provide invaluable insights into current availability, pricing trends, and alternative locations that meet specific business needs.
The evolving commercial real estate landscape south of Nantes requires businesses to remain agile and informed. While some planned developments face setbacks, the market continues to present opportunities for those who understand its current dynamics.
Source: ouest-france.fr
