Paris region office market trends in H1 2025
The first half of 2025 saw a decrease in office space take-up across the Paris Region (Île-de-France). Total take-up reached 768,400 sq.m, representing a 12% year-on-year drop and a 25% fall compared to the ten-year average. The second quarter of 2025 was particularly weak, with just 337,300 sq.m taken up, a 22% decrease.
Performance by office size segment
The downturn disproportionately affected the market for large office spaces (over 5,000 m²). This segment recorded its lowest half-yearly volume in two decades, falling below 200,000 sq.m, a significant 30% drop. In contrast, the segment for small and medium-sized spaces (less than 5,000 m²) demonstrated greater stability, recording 569,500 sq.m take-up with only a modest 2% year-on-year decrease.
Major deals concluded amidst market challenges
Despite the overall contraction and the severe impact on large space volumes, the first half of 2025 still saw significant activity in the large deals market. A total of 16 rental transactions exceeding 5,000 sq.m were completed.
Notable large transactions include:
J.P. Morgan SE leasing 15,830 sq.m in the Marché Saint-Honoré area of Paris.
The Ministry of Education and Youth securing a large 39,000 sq.m space in the Six Degrés building in Gentilly.
BPCE leasing 15,500 sq.m in the Rives de Bercy building in Charenton-le-Pont.
These major deals highlight that while the market faces headwinds, significant demand and successful transactions are still occurring, particularly for prime or well-located spaces. Businesses navigating the Paris office market should be aware of the prevailing trends but also recognize that opportunities for securing substantial spaces persist.
Source: costar.com
