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Real estate in Île-de-France: transforming offices into housing, good or bad deal?

2023-09-24T07:49:20.757Z

Highlights: Office vacancies in the region have been steadily increasing since the Covid pandemic and the subsequent rise in teleworking. In thirty years, the supply of offices has increased by 50% in Île-de-France to reach 59 million square meters according to a study by Catella Property, a commercial real estate consulting firm. "The office is dead, long live the house!" is a well-known slogan in the French real estate industry. The slogan is certainly quite reductive but it corresponds quite well to the zeitgeist.


Office vacancies in the region have been steadily increasing since the Covid pandemic and the subsequent rise in teleworking. Po


"The office is dead, long live the house!" The slogan is certainly quite reductive but it corresponds quite well to the zeitgeist. First of all, the observation: in thirty years, the supply of offices has increased by 50% in Île-de-France to reach 59 million square meters according to a study by Catella Property, a commercial real estate consulting firm.

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Source: leparis

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