Lyon’s professional real estate is picking up again, according to Jones Lang LaSalle, an American giant in commercial real estate consulting, in particular located in Lyon.
With 126,532m3 marketed during the first 6 months of the year, the tertiary rental market recorded an increase of 34% in the first quarter of 2021 in Lyon, compared to the first three months of the previous year. For Stéphane Jullien, director of the JLL Lyon offices team, “this rebound is mainly due to companies which are anticipating their post-covid offices and their new ways of working”.
Return to a pre-Covid level
On the investment market, the rate of professional real estate acquired is 59% lower than that of 2020, but is back to its pre-crisis average level, with 404 million euros committed. The share of offices in the volumes invested remains the majority (59%) while that of shops is down (6% against 28% in 2019), in favor of industrial assets (around 18% against 2% in 2019).
This inversion of the curves reflects the effects of the health crisis: investors have favored industrial sectors which have performed well, in particular thanks to e-commerce, and have greater rental stability.
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