{
  "url": "https://classa.info/cities/paris",
  "title": "Paris Class A Office Market",
  "description": "Europe's most architecturally distinctive trophy market.",
  "oneSentenceAnswer": "Paris Class A office rents around €95/sqft/yr · ≈ $103 PSF/yr USD, with 7.6% vacancy and 18 months of typical rent-free on a 9-year term.",
  "tldr": [
    "QCA prime rents now exceed €950/sqm/year — historic highs.",
    "La Défense vacancy remains structurally elevated but trophy assets are leasing.",
    "Lease structure is the 'bail commercial' (3/6/9 years) with strong tenant break rights.",
    "Restoration obligations are negotiable but real — budget €100-€200/sqm.",
    "ESG performance under the French tertiaire sector decree is now a hard constraint."
  ],
  "keyFacts": {
    "city": "Paris",
    "country": "France",
    "region": "EMEA",
    "classARentLocal": "€95/sqft/yr · ≈ $103 PSF/yr USD",
    "classARentUsd": "$102.60000000000001/sqft/yr",
    "vacancyPct": "7.6%",
    "typicalLeaseYears": 9,
    "typicalRentFreeMonths": 18,
    "submarkets": 6,
    "corporateTaxPct": "25%",
    "talentIndex": 90
  },
  "faqs": [
    {
      "question": "What is the bail commercial?",
      "answer": "The standard French commercial lease — 9 years with statutory tenant break rights at the end of years 3 and 6. The landlord cannot break unilaterally absent specified conditions."
    },
    {
      "question": "How is rent indexed?",
      "answer": "Office leases typically index to the ILAT (indice des loyers des activités tertiaires) annually. Cap structures are negotiable."
    },
    {
      "question": "What is the décret tertiaire?",
      "answer": "France's Tertiary Sector Decree mandates progressive energy reductions for buildings over 1,000 sqm — 40% by 2030, 50% by 2040, 60% by 2050. Non-compliant assets are repricing."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/paris), updated 2026-04-15T00:00:00.000Z."
}