The investment volume in the Paris office market reached €2.8bn in the first half of 2023: 46% of the transactions were carried out in the city centre and the Paris CBD. Domestic investors comprise 90% of the total invested. Prime yields stood at 3.50%.
In Madrid investment reached €471m, observing a greater preference for product inside M30. Prime yields in Madrid stood at 4.25%. In Barcelona, the investment volume reached €218m, 89% of the transactions took place in the CBD, city centre, and 22@. Prime yields in Barcelona stood at 4.30%.
Sources: Reports by Jones Lang Lasalle, Cushman & Wakefield, CBRE, BNP Paribas & Savills