Lyon's iconic art building fully leased to confidential tenant
In a major development for Lyon's commercial real estate sector, Arioste immobilier and Nacarat have successfully concluded the lease for the entire "l’Art building." This emblematic 6,000 m2 office building, located at 26 boulevard des Belges in the highly sought-after 6th arrondissement, will be occupied by a confidential tenant. The building, a masterpiece originally constructed in 1913 by renowned architect Tony Garnier, is scheduled for delivery in the second quarter of 2026.
A blend of history and modernity: The Art Building's transformation
The Art Building stands as a testament to exceptional architectural restoration. Following extensive restructuring, the project aimed to restore its original aesthetic, paying meticulous attention to detail in joinery, facades, and even the reconstruction of the original, never-built edicule. This commitment to preserving historical integrity while incorporating modern office facilities makes it a unique and prestigious address in Lyon. Businesses seeking spaces that combine heritage, character, and cutting-edge amenities will find this project particularly inspiring.
Understanding prime office rental rates in Lyon
The lease was concluded on the basis of a prime rent of 370 euros HT HC/m2/year. This figure provides valuable insight into the current market value for top-tier office space in Lyon. For businesses evaluating potential rental costs and property investment, this transaction serves as a significant benchmark. Sorovim acted as the client's advisor, with Rudigoz & associés Knight Frank advising the tenant, underscoring the professional expertise involved in such high-profile deals.
Strategic location: the allure of Lyon's 6th Arrondissement
The Art Building's location in Lyon's 6th arrondissement, specifically on boulevard des Belges, is a key factor in its appeal. This area is renowned for its prestige, excellent infrastructure, and vibrant business environment. For companies looking to establish or expand their presence in a prime, well-connected district of Lyon, the strategic importance of this location cannot be overstated.
Key takeaways for businesses seeking premium office space
This major lease in Lyon signals a strong demand for high-quality, architecturally significant, and strategically located office properties. For businesses currently in the market for new premises, this transaction highlights several trends:
Value of restoration: Properties that blend historical charm with modern functionality are commanding premium rates.
Location is paramount: Prime areas like Lyon's 6th arrondissement remain highly desirable.
Market confidence: A large-scale lease of this nature indicates robust confidence in Lyon's future as a business hub.
While the Art Building is now off the market, its lease provides a clear indication of the standards and opportunities within Lyon's dynamic commercial real estate landscape.
Source: mesinfos.fr
