On the Champs-Elysées, offices off the price for a prestigious address

Since the 1st of June, with luxurious offices in the network shared american WeWork drive the a-92, avenue des Champs-Elysées : 4 500 m2 of spaces for coworking on four floors in a building remakes to nine, with views of the Arc de triomphe. This opening reflects the renewed interest in real estate offices on the Champs-Elysées. “Ten years ago, they were small surfaces in buildings decayed, almost post office boxes rented for the address. Today, companies want to be there, ” says Dimitri Boulte, chief operating officer of the Société foncière lyonnaise, which has restructured the building, WeWork as well as the building next door, where is installed the consulting firm McKinsey on more than 5 000 m2.

“For international companies competing to recruit talent in the whole world, the mark of the Champs-Elysées is very strong, and it’s really about the backbone of paris. Yet, the question of the work environment is paramount for the thirty-somethings, ” says Mr. Boulte. It is still necessary to transform these spaces are often cramped in large horizontal platters and light of 1, 000m2 to a minimum… Apple will install its offices on 4 000 m2 above its fourth parisian boutique at 114, Nike did the same on 3 000 m2 at the top of his “temple” in the work at number 79, Chanel is preparing to open 10 000 m2 of office space above the Galleries Lafayette, the 52…

“Vacancy rates are at the lowest for thirty years ”

If HSBC or LVMH have very big spaces on the avenue, the surfaces of offices exceeding 10, 000m2 are still rare. “The very big companies can’t move there, it’s still a niche market for companies that are looking for this symbol of prestige, esteem Xavier Mahieu, director-general of the pole Agency at Colliers International France. In the area of…

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