A recent study highlighted nine million square meters of office space lies vacant across France. In some parts of Paris, this amount of space is at an all-time high, with over one million square meters in the Greater Paris region vacant for more than four years, which accounts for nearly 24% of immediate supply. Double that amount of space has been empty for over two years.
Most of the vacant office space in Paris is in the suburbs, a trend duplicated nationwide. It's forcing property developers and elected professionals to rethink office space into something else.
