Search
 

Large French Firms Unhappy With Offices

PARIS- Some 64% of tenant respondents in a BNP/Essec survey are contemplating a move in 2010, up from 58% a year earlier.

By Allan Saunderson | Updated on June 28, 2010

PARIS-A majority of large French companies are dissatisfied with the buildings they occupy, suggesting that France’s real estate stock is poorly adapted to users’ needs, according to a survey by BNP Paribas Real Estate and France’s Essec Business School.

Some 73% of 119 firms surveyed said their property situation is less than optimal. “The main factors behind the general feeling of dissatisfaction were obsolescence and unsuitability, which for BNP raises the question of how well the real estate stock is adapted to users’ expectations,” a company official said. The annual survey was carried out in first quarter 2010.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.