Anja Droege Gagnier and Amélie Dorst analyse the office market in France, which has seen a sharp reduction in investments, and give advice on the legal tools and remedies available for banks in a distressed situation.
In 2023, the office market in France has remained highly fragmented, particularly in the Greater Paris Region, in line with the trend observed since the Covid-19 pandemic and the rise of remote working. French brokers report an average vacancy rate of 8.5% for the Greater Paris Region, reaching 4,759,000 sq. m. by the end of 2023.