Nice, Paris and Lyon are in the Top 50 cities where building is the most expensive, respectively in 32nd, 35th and 42nd place in this world ranking. London, Geneva and Zurich take the podium. Across France, we are observing a stabilization of the overall construction market in 2023, stimulated by a slowdown in inflation compared to the peaks recorded in 2022 and by investments linked to the Olympic Games and major public transport infrastructure projects. . However, rising interest rates and inflation continue to hamper investment and slow down new construction projects. This is the case of the real estate sector, which recorded a 50% drop in acquisition amounts in 2023. The phenomenon is mainly marked in the residential and commercial real estate market, offices in particular which are in a situation of over- offering since the Covid-19 pandemic, particularly in peri-urban areas and non-central business districts. Conversely, the hotel, logistics, renewable energy, industry and technology sectors stand out for their growing demand in France. This is particularly the case for data centers. According to Hassen Naifer, Senior Cost Manager at Arcadis, data centers represent a typology of asset which serves as an exception in a real estate market in crisis. The demand is such that it is difficult to keep up, without forgetting that these are long, complex and technically difficult projects.
