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Paris Industrials Shrug Off Economic Downturn

PARIS-The industrial market in the French capital and the surrounding Ile de France region is well positioned to survive any economic downturn, according to King Sturge. Although demand has fallen there is very little speculative space available.

By Graham Parker | Updated on November 30, 2001

PARIS-The Ile de France industrial market remains positive, according to a new report from King Sturge. Tight planning controls mean that there has been very little speculative development and King Sturge claims that, as a result, the market is in the best position for over 30 years to withstand a recession.

Demand in 2001 is down on the previous year but structural changes in light industrial and logistics sectors are helping to drive occupier requirements. In the light industrial sector, an increasing number of businesses from the new economy are looking for high tech space, while in the logistics sector operators are looking for large modern buildings capable of accommodating a wider range of activities.

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