THE MARKET FOR BUSINESS PREMISES IS DOING WELL

THE MARKET FOR BUSINESS PREMISES IS DOING WELL

The market for industrial premises maintained a good level of activity in a difficult global context with 261,735 m² of take-up. This represents an adjustment of only 2% compared to the 3rd quarter of 2019.

The average surface area of ​​transactions increased from 2,413 to 3,232 m²  . This phenomenon is observed in all regions. In Lyon , this trend is driven by a 20% drop in the number of transactions. At the same time, we note an increase in major transactions, notably with a Mega Deal of 15,000 m² signed by the Métropole in the 7th arrondissement . The volume of sales meanwhile is slightly below the ten-year average with 42% of the overall volume, corresponding to a lack of offers available for sale. Learn more about nekretnine.

The market for small and medium-sized surfaces is more affected by the crisis. There is a 17% drop in the number of transactions and a 27% reduction in take-up volume. On the other hand, transactions for areas of less than 1,000 m² remain the locomotive of the market for industrial premises. They represent 75% of take-up.

The stock of offers is down by around 14% , bearing the brunt of 3 exceptional years in the Lyon region.

“  The impact of the health and economic crisis should be limited on values ​​because the stock remains low both on the existing one, on the offer to be built and on the land available in the near periphery, where it is almost non-existent”  says Paul Vernex, Activities Director CBRE Lyon.

In general, the projects started before the Covid have been able to continue. The business premises market was thus able to maintain its dynamism. A planned landing above the ten-year average (approximately 330,000m²) is possible.

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