LYON ATTRACTS EVER MORE INTERNATIONAL INVESTMENT
Lyon is one of Europe’s most attractive cities for international investment. In just 10 years it has raised itself to the rank of other major cities to become Paris’ main contender within France today. That is what EY (financial audit firm) and JLL (business real estate consultants) reveal in the second edition of Why Invest In Lyon. This real-estate guide, aimed at foreign investors, gives an overview of Lyon’s property market.
Outside of Paris, Lyon is currently the largest business real-estate market in which one third of all investments comes from abroad. Over the last three years, an average investment volume of 870 million euros has been recorded. As for the real estate offer, it has grown by 45% over the past 10 years, the vacancy rate is one of the lowest in Europe and perfectly illustrates the city’s capacity to cater for new projects.
The diversity of the sites, the number and quality of infrastructures as well as the city’s major urban projects are key factors of this success. Other elements include the transparency of the markets, the balance between the offer and the demand, but also the close collaboration between private and public actors. Lyon’s visibility and promotion on an international scale is guaranteed by the density and quality of its industrial fabric and the presence of big names such as Sanofi Pasteur and Renault Trucks.
The city’s attractiveness will continue to grow over the coming years. Lyon presented its development goals during MIPIM 2015 (International property market fair) along with several large-scale projects including the emblematic transformation of the Part-Dieu District. The next generation of skyscrapers (Sky 56, Silex 2, Two Lyon) will transform the skyline of this business district diversifying the property offer. The reconversion of the Confluence district will continue into 2025, rendering 420,000 sq. m available. The Gerland site is also undergoing renovation, with an impressive 500,000 sq. m business park, more accessible exit prices and the presence of the world competitive cluster Lyonbiopôle. In fact, this site overtook Part-Dieu for the first time in 2014, with 54,800 sq. m and 46,000 sq. m marketed.