Commercial property update: France
Khatri, M.
Commercial property update: France - 2004 - RICS European Alert August/September 2004, 6(1) .
Shows the French economy growing by 0.8% in the first quarter 2004 (above the Eurozone average) and points out the main risks to the economic outlook. The commercial property market continues to endure a moderate slowdown that has prevailed since late 2001 with weaknesses most visible in the office market. Office rents are expected to decline by just under 2% in 2004 before a partial recovery in late 2005. Retail property has fared relatively well with rents expected to feel downward pressure from rising availability before picking up again as the economy improves. The industrial property market will see slow recovery as recovery in industrial production is patchy with downward pressure on rents expected to be only limited. View at www.rics.org.
RETAIL RENTS
INDUSTRIAL RENTS
OFFICE RENTS
EUROZONE
OFFICE MARKET
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
INDUSTRIAL MARKET
FRANCE
Commercial property update: France - 2004 - RICS European Alert August/September 2004, 6(1) .
Shows the French economy growing by 0.8% in the first quarter 2004 (above the Eurozone average) and points out the main risks to the economic outlook. The commercial property market continues to endure a moderate slowdown that has prevailed since late 2001 with weaknesses most visible in the office market. Office rents are expected to decline by just under 2% in 2004 before a partial recovery in late 2005. Retail property has fared relatively well with rents expected to feel downward pressure from rising availability before picking up again as the economy improves. The industrial property market will see slow recovery as recovery in industrial production is patchy with downward pressure on rents expected to be only limited. View at www.rics.org.
RETAIL RENTS
INDUSTRIAL RENTS
OFFICE RENTS
EUROZONE
OFFICE MARKET
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
INDUSTRIAL MARKET
FRANCE