Real estate market update 3rd quarter 2008 - Logistics premises

Take-up between 1 January and 30 September 2008

Occupier take-up is increasing: 31 transactions were recorded for a total take-up of 250,543 sq. m, up 32% on the first half of 2007 (188,820 sq. m taken up):

	58% of take-up was in new property,
	18% of take-up was sold to occupiers, with 82% rented.

Note should be made of two particularly significant investor sales, of 31,628 sq. m and 29,915 sq. m respectively.

The most attractive areas for logistics premises are:

	the Plaine de l'Ain,
	Greater Lyon North and North Isère (and, to a lesser extent, Villefranche-sur-Saône and the CCEL ["Community of Communes of Eastern Lyon"])

Perspective for 2008

Take-up in Lyon should total 300,000 sq. m by the end of 2008 (this figure is higher than the average for the last 8 years).

Principal transactions between 1 January and 30 September 2008

	WINCANTON: 16,767 sq. m (Saint-Quentin-Fallavier)
	LOGIRIS: 12,743 sq. m (Corbas-Lyon inner suburbs)
	MILITZER & MUNSCH: 11,249 sq. m (Vaulx-Milieu)
	IKEA: 9,500 sq. m (Toussieu)
	TORRAY: 9,000 sq. m (Dagneux)
	LE SEYEC: 5,840 sq. m (Corbas-Lyon inner suburbs)
	GEODIS LOGISTICS: 4,831 sq. m (Saint-Priest-Lyon inner
	suburbs)
	GEODIS LOGISTICS: 4,410 sq. m (Saint-Quentin-Fallavier)

Rental values realised (in €/sq. m/year exc. VAT and charges)

New property: €45–/sq. m/year (modest rise due to the high quality of new products)

Further info

Discover:

	Property & real estate: investment and setting up opportunities
	Property & real estate: 2007 year market trends

Read:

	Real estate market update n°14 (3rd quarter 2008) / Office spaces
	Real estate market update n°14 (3rd quarter 2008)  / Industrial buildings
	Real estate market update n°13 (1st half-year 2008) / Commercial buildings (2007 results)

Download

 Real estate market update n#14 (17/11/2008 - 138 Ko)

Contact

	KQ?DANKJEmmanuelle Boucheron
	"Property & real estate" project manager - Greater Lyon