Key features for businesses include:
- A large number of financial, insurance, consultancy and luxury retail businesses are based here
- Paris holds a strategic location in Europe making traveling to most major European cities, quick and easy; handy for businesses regularly travelling to London, Brussels, Milan of Frankfurt; all of which can be reached in under 2 hours
- Thriving start-up scene
The Central Business District of Paris, also known as the "Golden Triangle", (the 1st, 2nd, 8th, 9th and 17th arrondissements ) has an impressive office stock of over 6.7 million sq metres. The area has established itself as a prime location for financial and consulting businesses, as well as luxury retail brands. The area is also increasingly attracting start-ups and global tech companies, including Google, Facebook and Twitter.
Situated in the heart of Paris, this area has excellent transport links providing easy access to other areas of the city via metro and bus links. There are plenty of shops, restaurants and bars on offer; from high-end restaurants to more low key bars and cafes. Due to the popularity of this area, office prices here are expensive and there is a somewhat limited supply of spaces meaning that office space tends to move quickly.
West-Central Paris excluding CBD
The area of west-central Paris includes the 1st, 2nd, 8th, 9th, 16th and 17th arrondissements of Paris, which are not included in the CBD. The smaller office stock of just under 1.7 million sq/m is made up of Haussmann-style buildings with plenty of character and trendy revamped buildings.
It is a great alternative to the CBD, with its proximity to the city centre and more affordable rents. It is predominantly home to businesses in the insurance and consulting sectors, for example, Klésia, Siaci Saint Honoré, Critéo.
This dynamic area of the City has plenty of great spots for lunch or after work drinks, as well as some landmark buildings such as, the Châtelet metro station and the Forum des Halles, the second most visited shopping centre in France.
Comprising of four central arrondissements, the 3-4-10-11 area of Paris has an office stock of nearly 1.5 million sq m, mostly composed of old and renovated Haussmann-style buildings.
Getting around is easy as these central districts are very well served by public transport. Travelling further afield does not pose a problem either, with two major train stations in the 10th arrondissement, Paris Est and Paris Nord where the Thalys and Eurostar leave.
The area has a mix of housing, offices, and retail; although in recent years there has been a decline in the number of residents. However, this area is particularly popular for young professionals.
The high concentration of cultural sites, such as the Ile de la Cité, the Marais district and the Place des Vosges, Opéra and Place de la Bastillem makes this a popular area for tourists. The 11th arrondissement has become the most commercial sector of Paris and offers its young clientele, many fashionable bars and restaurants, where it is easy to socialise. With fewer offices, lots of shops and other offerings, these central neighborhoods are known as "residentially friendly" places to live.
On the north-western edge of Paris, is La Défense, the largest business district in Europe. Built in the 1960s, La Défense is mainly made up of office towers and offers a large office stock of approximately 3.6 million sq m. This is the main hub for the headquarters of international companies. The banking, insurance and consultancy sectors have a notably strong presence here, but so do energy and construction companies. Total, Thales, Engie, Aventis, Saint-Gobain, Société Générale banks, Dexia, HSBC, Banque de France, Deloitte consulting companies, Cap Gemini are some of the many big names who have offices in La Défense.
For several years, a proactive policy set out to revamp the real estate has led to an improved quality of urban life in La Défense. Spurred on by new energy and technological advances, tower restructuring projects are multiplying, specially adapted to new work practices. In addition, the importance given to the area’s residential offering reflects the ongoing evolution of this business sector towards a greater urban mix: nearly 100,000 sq m of additional housing is expected, while the current portfolio only has 600,000 sq/m.
La Defense has plenty of amenities, with the shopping centre, “Les Quatre Temps”, offering an array of shops, restaurants and bars.
Neuilly / Levallois
Circumscribed between two dynamic cities, the Neuilly/Levallois area is located on the north-western edge of Paris. Its location is ideal for businesses wanting be close to both central Paris and the La Défense business district, while enjoying relatively more affordable prices.
Its 1.5 million square metre office stock consists mainly of new-built real estate. This is the traditionally preferred area for companies from the audiovisual and communication sectors (M6 Group, Lagardère Active, TSF Production), but it also attracts global groups specialised in cosmetics (L'Oréal, Séphora, Parfum Christian Dior).
Thanks to the excellent transport links, high quality office space, extensive range of restaurants and recreational amenities, the area is becoming an increasingly popular business destination. The quality of the living environment, the sense of security and the attractive architecture all make this a desirable place to both live and work.
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