Real Estate•

France Commercial Property Market

Analyzing 161,787 French property transactions totaling EUR 2473.35B from DVF open data. Department-level analysis, property type breakdowns, and institutional buyer activity.

Published by GP Stakes, the private markets intelligence platform

161,787
Transactions
EUR 2473.35B
Total Value
EUR 15.3M
Avg Price
1,053
Cities

Transactions by City

French commercial property activity is concentrated in the Ile-de-France region, with Paris and its surrounding departments (Hauts-de-Seine, Seine-Saint-Denis, Val-de-Marne) accounting for the majority of institutional-grade transactions. Regional cities including Lyon, Marseille, and Bordeaux have attracted growing investor interest as part of the broader diversification trend in European real estate.

CityTransactionsTotal Value (EUR M)Avg Price
Bondy4,311EUR 431758.4MEUR 100.2M
Paris 12e Arrondissement1,869EUR 82783.5MEUR 44.3M
Le Kremlin-Bicêtre2,483EUR 80305.6MEUR 32.3M
Paris 1er Arrondissement651EUR 79429.1MEUR 122.0M
Paris 13e Arrondissement1,519EUR 65524.8MEUR 43.1M
Suresnes1,375EUR 62168.8MEUR 45.2M
Paris 8e Arrondissement2,230EUR 60687.6MEUR 27.2M
Paris 16e Arrondissement3,399EUR 40416.5MEUR 11.9M
Neuilly-sur-Seine1,264EUR 40145.6MEUR 31.8M
Paris 9e Arrondissement1,491EUR 38134.1MEUR 25.6M
Toulouse3,740EUR 37432.4MEUR 10.0M
Aubagne1,028EUR 37143.9MEUR 36.1M
Gennevilliers1,034EUR 32876.5MEUR 31.8M
La Ciotat707EUR 32521.5MEUR 46.0M
Paris 15e Arrondissement1,860EUR 32346.0MEUR 17.4M
Bagnolet6,016EUR 31286.9MEUR 5.2M
Antony2,026EUR 30899.1MEUR 15.3M
Nice3,171EUR 27159.3MEUR 8.6M
Marseille 11e Arrondissement758EUR 25669.3MEUR 33.9M
Villeneuve-Saint-Georges1,844EUR 25284.6MEUR 13.7M
Paris 6e Arrondissement1,630EUR 24626.1MEUR 15.1M
Marcq-en-Barœul745EUR 23965.2MEUR 32.2M
Labarde164EUR 23654.7MEUR 144.2M
Paris 11e Arrondissement1,641EUR 22057.4MEUR 13.4M
Marseille 9e Arrondissement850EUR 21904.1MEUR 25.8M

Transactions by Property Type

Property TypeTransactionsTotal Value (EUR M)Avg Price
residential130,020EUR 2205354.8MEUR 17.0M
commercial31,767EUR 267996.9MEUR 8.4M

Transaction Volume by Year

YearTransactionsTotal Value (EUR M)Avg Price
202489,438EUR 1514335.5MEUR 16.9M
202372,349EUR 959016.2MEUR 13.3M

Top Departments by Transaction Value

French departments are identified by their two-digit postal codes. Department 75 corresponds to Paris, while 92 (Hauts-de-Seine) includes La Defense, the largest business district in Europe. The department-level view reveals where institutional capital is concentrated beyond headline city-level statistics.

DepartmentTransactionsTotal Value (EUR M)Avg Price
9321,491EUR 603984.1MEUR 28.1M
7527,093EUR 556231.9MEUR 20.5M
9219,784EUR 342727.0MEUR 17.3M
1316,525EUR 249910.7MEUR 15.1M
9414,975EUR 197285.8MEUR 13.2M
7,685EUR 121910.5MEUR 15.9M
3310,210EUR 105478.8MEUR 10.3M
0612,254EUR 81084.1MEUR 6.6M
6912,366EUR 68657.6MEUR 5.6M
598,337EUR 59173.6MEUR 7.1M
316,866EUR 54618.6MEUR 8.0M
444,201EUR 32288.9MEUR 7.7M

Largest Transactions

BuyerPriceTypeCityDate
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04
UndisclosedEUR 762.0McommercialParis 1er Arrondissement2023-01-04

The French Property Market for International Investors

France is the second-largest commercial real estate market in Europe after the UK, and the DVF (Demandes de Valeurs Foncieres) dataset provides unprecedented transparency into property transaction volumes and pricing. Published by the Direction Generale des Finances Publiques, DVF records every property mutation in France, creating a comprehensive dataset for market analysis.

For real estate fund managers and GP stakes investors, the French market offers several distinct characteristics. The concentration of office and commercial activity in the Ile-de-France region creates natural benchmarking opportunities. The La Defense business district in particular serves as a barometer for European office market sentiment, with transaction volumes and pricing reflecting broader trends in institutional real estate allocation.

The DVF data also reveals the growing importance of French regional markets. Cities like Lyon, Bordeaux, Toulouse, and Nantes have experienced significant growth in commercial property investment as institutional investors seek higher yields outside Paris. This regional diversification trend is creating opportunities for specialized real estate managers with local market expertise.

Methodology

Transaction data is sourced from the French DVF (Demandes de Valeurs Foncieres) open dataset published by the Direction Generale des Finances Publiques. DVF records all property mutations in France including sales, exchanges, and expropriations. Prices are recorded in euros at the transaction date. Department codes correspond to the first two digits of French postal codes. Data may include both commercial and residential transactions depending on the property type classification.

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