Culture, gastronomy, history and “art de vivre”

Paris

Putting innovation, technology and sustainability at the heart of its business landscape

Attracting over 50 million visitors each year and home to 2.2 million people, La Ville-Lumiere – more commonly known as the city of Paris – is celebrated for its culture, gastronomy, history and “art de vivre” (the art of living).

Coined as Europe’s business and innovation powerhouse, Paris has the highest GDP in the European Union; and with access to an expansive qualified and cosmopolitan talent pool, its business landscape is a melting pot of corporate headquarters, SMEs, start-ups, world-class clusters as well as research centres, which are set across Paris’ diversified real estate landscape including new office districts, business parks and coworking spaces.

Digitalisation is disrupting everyday life, and Paris offers a world-class digital infrastructure. In fact, alongside London, Berlin, Dublin, Amsterdam, Barcelona and Stockholm, Paris is currently classed as one of Savills’ European Tech Cities. The index measures what makes a successful Tech City and comprises of over 100 metrics across six categories: business environment, tech environment, city buzz and wellness, talent pool, real estate costs, and mobility.

Paris is well-known for attracting organisations within the biotechnology, nanotechnology, telecommunications, 3D animation, aerospace and automotive industries. The digital sector in the region represents over 500,000 jobs, and there are over 131,000 digital establishments, 80% of which are in Paris and its inner suburbs.

Studio Alliance members have undertaken projects in Paris for:

Paris Fast Facts

Average Letting Cost

€850

Per square metres

Total lettings in 2019

2,064,000

Square metres

Vacancy Rates

5.5%

The Alexander III Bridge

Undergoing the largest transport project in Europe – The Grand Paris Express. Once complete, the automated transit network will be Paris’ new metro and will include four additional railway lines, 68 new interconnected stations and will service two million passengers each day.

Parisian street

The region is committed to improving the environment and preserving biodiversity. In a determined effort to reduce carbon emissions, Paris is fast becoming known as a city of bicycles, with bike-sharing program Vélib’ Métropole having more than 400,000 subscribers. Additionally, pushing for sustainable urban development, the government of France is set to require all new public buildings be made at least from 50% wood or other sustainable materials from 2022. Once complete, the 125,000 sq m Arboretum development will be the first office campus in the Paris region to be constructed primarily of wood and will also be the largest solid-wood office development in Europe.

Significant Lettings

Total Oil

125,000 sq m

The Link in La Défense

Significant Investment

Invesco

€846m

Capital 8 Building