Total property deals in France, including offices, retail space, and warehouses dropped 52% YoY to €5.4 bn during 2022, Invest-Gate reports.

Paris saw the harshest decline, amounting to 62% YoY, with property deals in the metropolitan area recording €2.5 bn.

The average office price in the Paris region inched down 1% YoY to €7,980 per sqm in Q4 2022.

In 2022, investment in commercial real estate declined 2% YoY to €25.5 bn in France and decreased by 3% YoY to €15 bn in Paris.