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Paris Office Space Guide

A guide to flexible serviced offices and office space for rent in Paris as well as general information that may be useful if you are considering renting office space or flexible workspace in the city.

For further Paris office space information or to search office space for rent in Paris just click. Or contact us for any office space search query.

History & Geography

Paris is perhaps the most famous of all European cities, renowned as a centre of culture, the arts and of course romance. The French capital is located to the north of the country on the winding River Seine. Included in the city are the two islands of Ile Saint-Louis and Ile de la Cite, which make up the oldest quarters of Paris. The area around Paris has been inhabited from around 250 BC when Celtic tribes settled in the region. In 52 BC the area was conquered by the Romans who founded the town of Lutetia. The town grew rapidly and soon became one of the most important Roman settlements in Europe. However when the Roman Empire declined the city came under attack from German tribes and was extensively depopulated. It was around this time the city was dubbed Paris, after the Celtic Parisii tribe. By the fifth century, the city was under the sway of the Franks, who made it their capital. After extensive Viking raids and the fall of the Franks, Paris came under the control of the powerful Odo, Count of Paris, who was later made King of France. During the Middle Ages Paris was ravaged by both plague and the invading English forces during the Hundred Years War. It lost its title of capital but soon regained it in 1436 when the French finally defeated the English. In 1789 Paris was the site of the French Revolution which in turn led to the rise of Napoleon. After his defeat, Paris was occupied by the Russians, the first time in over four centuries it had been occupied by a foreign power. During the 19th century, the Industrial Revolution caused Paris to grow, it’s population swollen by migrants coming to the city on the new railways. Paris remained in French hands during WWI but was occupied by the German army during WWII. After the war, Paris expanded further, with extensive suburbs being built on its outskirts to house its ever-growing immigrant population. Currently Paris is the political and economic centre of France and serves as a cultural icon as well as a dynamic, modern city.

Economy

Paris and it’s surrounding region has one of the highest GDPs in the world at almost six billion Euros. The city accounts for over 30 percent of France’s GDP and if it was a country would be the seventeenth largest economy in the world. The city has a diverse economy with its main bulwarks being service and hi-tech manufacturing. Business and financial services make up roughly half of the Parisian economy, though the city has not specialised unlike other cities of its size and importance, for example, London with finance. While Paris’ manufacturing base has declined, and now only makes up 10 percent of the GDP, it has evolved towards specializing in hi-tech manufacturing. Of late the city has forged a reputation as a centre of research and development and is considered one of the leading cities of the world for innovation. The business centre of the city lies between the Opera Garnier, La Defense and Val de Seine.

Tourism & Culture

Paris has a thriving tourism industry and, after London is the most visited city in Europe. The city receives over 28 million tourists per year and boasts the world’s most-visited museum, the famous Louvre, which attracts eight million visitors per year. Many tourists visit the museum in order to see the famous Mona Lisa, the Venus de Milo statue and works by Picasso, Rodin and other revered artists. Other famous Parisian landmarks include the Eiffel Tower, Notre Dame, the Basilique de Sacre Coeur and many more. The city is also renowned as a centre of French cuisine, considered by many to be the finest in the world. In particular, the quarter of Saint-Germain-des-Pres is famous for its restaurants and cafes. Disneyland Paris has also grown to be a popular destination and sees approximately 15 million visitors per year. Visitors will not be at a loss for places to stay either as the city has a large selection of hotels all dependent on the tourism industry. The most famous of these include the Hotel George V, Hotel Ritz and the Hotel de Crillon.

Transportation

As one would expect of a leading European city, Paris has a comprehensive and efficient transportation system. The city is served by four international airports, Charles de Gaulle, Orly, Le Borget and Beauvais-Tille. Of these, Charles de Gaulle is the largest, handling over 60 million passengers a year. The best way to get around Paris itself is to use the Metro, which was built in 1900. The Metro has 26 lines and 245 stations serving the city and its dense surrounding suburbs. Many residents also use the light rail system which connects St Denis to Noisy le Sec and La Defense to Port de Versailles. The city is also at the hub of France’s extensive motorway system and is ringed by three orbital freeways. Additionally, Paris is the hub of the country’s large rail network. Paris’ main train station is the Gare du Nord, currently the busiest train station in Europe. The city’s five other main stations are Gare Montparnasse, Gare de l’Est, Gare de Lyon, Gare d’Austerlitz and Gare Saint-Lazare. Cycling is also popular in the city and many use the bike-sharing system, called Velib, which has more than 20,000 bicycles spread over the city at various docking points.

 

Office space for rent in Paris

Paris’ main business district is the Hauts-de-Seine departement as well as the La Defense district. The area between La Defense, Opera Garnier and Val de Seine is where most of the city’s Grade A office space is located.

The whole of the Greater Paris Region office market enjoyed a good performance throughout the whole of 2017 with take-up reaching 742,000 square metres.
Vacant office space fell below 3.3 million square metres available as at the end of March 2018, which equated to a Greater Paris Region vacancy rate of less than 6%.
Prime headline rents remain at €760 per square metre per year in the CBD for conventional office space.

There was not a major amount of activity that could be directly attributed to Brexit, however, a major deal was the 90,000 square metre letting of the entire Duo Towers development by the financial institution Natixis.

Office space for rent in Paris La Defense

The area of La Defense has grown to be one of Paris’ most popular locations for Grade A office space, at times offering a rental rate significantly lower than central Paris. Prime rents in La Defense were stable at €500 per square metre per year in the 1st quarter 2018, lower than central Paris, indicating that the area will continue to grow as a prime office space location.

Flexible workspace options including co-working space and managed office space are becoming increasingly popular and therefore take up across the whole of the Greater Paris Region has been taken up by operators and users alike.

Further information regarding flexible managed offices and co-working space facilities can be found on the respective links.

Paris has a vast selection of business travel accommodation options and we have partnered with Booking.com to bring you all of these in one place.

You can use the search tool below to search and book. If you have a Booking.com account, you can log into that via the tool.

Please also see our new Street Address Guide for this location below.



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