The French Ile-de-France region in Paris attracted some EUR 7.1 bn of investment in real estate in the first quarter of 2007, according to a provisional survey by Immostat, an information centre set up in 2001 by four major real estate consultancies including CB Richard Ellis, Jones Lang Lasalle, DTZ and Atisreal.

The French Ile-de-France region in Paris attracted some EUR 7.1 bn of investment in real estate in the first quarter of 2007, according to a provisional survey by Immostat, an information centre set up in 2001 by four major real estate consultancies including CB Richard Ellis, Jones Lang Lasalle, DTZ and Atisreal.

Immostat estimates that the total office stock in Ile-de-France declined by 2% in the first quarter of 2007 to some 2,443,000 m2 compared to the same period in 2006. Take-up of office space in the first three months of the year came to 644,900 m2, according to the consortium of advisors. This represents a decrease from the record of 780,500 m2 registered in 2006, when take-up more than doubled 2005's figure of 334,600 m2.

The average provisional rental per unit area for second-hand offices in the Ile-de-France rose from an annual 272 EUR/m2 in the first quarter of 2006 to 286 EUR/m2 in the first three months of this year, excluding tax and charges.