[RESTRUCTURING, INSOLVENCY PROCEEDINGS] Facing New Challenges in the French Office Market: Statistics and Analysis

Anja Droege Gagnier and Amélie Dorst analyze the office market in France, which has seen a sharp decline in investments, and offer advice on the legal tools and remedies available to banks in distress.

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 work. 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.