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The Economic Development Branch of the Inspire Metz Agency
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25/03/2019 17h42

Annual conference on the business property market 21st March 2019

Annual conference on the business property market 21st March 2019

The annual conference on the business property market in Metz and Nancy was held on Thursday 21st March 2019 at the Prouvé congress centre in Nancy.

Organised by BNP PARIBAS REAL ESTATE, Jean-Laurent De La Prade (Deputy Director Regions Pole), Nancy Spann (Regional Director) and Guillaume Foechterle (Consultant in Metz) reviewed the business market dynamics of 2018.

The conference's 2019 edition brought together a hundred sector professionals, Dominic Gros, Mayor of Metz and President of the Inspire Metz agency, and Philippe Durst, Municipal Councillor delegated by the City of Nancy.
 

Nancy SPANN - Regional Director BNP Paribas Real Estate 
 
THE MAIN INFORMATION ON THE BUSINESS PROPERTY MARKET IN METZ MÉTROPOLE FOR 2018:

SERVICE MARKET

With more than 26M€ placed in offices, the market in Metz is rising and confirms its appeal.
4 quarters are sought after by investors: the Amphitheatre quarter, Metz-Technople, the ‘Grand Projet de Ville' and the health and innovation pole at Mercy..

Transactions
  • 43,000 m2 were transacted in 2018 (a progression of almost 19%)
  • Operations in new programmes represent ¾ of the volume (33,000 m²).

Rents
  • In the city centre, the highest rates are 195€ before tax and charges per m² per year (in the Amphitheatre quarter). The average value fluctuates between 145€ before tax and charges per m² per year for existing offices (+13%) and 180€ before tax and charges per m² per year for new offices.
  • On the outskirts, the average rental prices vary between 108€ before tax and charges per m² per year for existing offices, and 140€ before tax and charges per m² per year for new offices.
 
BUSINESS PREMISES MARKET
  • Strong increase in the number of business premises on offer (+38%)
  • 147,000 m² were transacted in 2018.
  • Average rental prices vary between 60€ before tax and charges per m² per year for new premises and 56€ before tax and charges per m² per year for existing ones.
 

During the conference, the development agency showed the film “Inspire Metz”, a video presenting Metz Métropole. An occasion for the participants to discover this Art & Tech territory.

The next edition, which has become essential for business real estate professionals, organised by BNP PARIBAS REAL ESTATE will be held in Metz.

Download the review of the market study (in French)

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