Ile-de-France : The office property continues to decline

The Paris region office market continues its decline, which began in 2007. According to research firm Knight Frank released Friday, "the companies have consumed 1.2 million square meters of offices in the Ile-de-France since the beginning of the year, against 1.9 million during the first nine months of 2008 and over 2 million in the same period of 2007. Despite this decline, "the year 2009 is still at levels higher than those observed in 2002 [1.1 million] or 2003 [1.2 million]," relativize Knight Frank.