European Retail City Profiles 2016
Paris, France
Paris is one of the world’s leading tourist destinations and
along with London, Hong Kong and New York is one of
the strongest retail locations globally. The city remains at
the forefront of international fashion trends as it continues
to attract the biggest retail brands that inevitably look
to the city to open flagship stores. Luxury retailers in
particular are expanding rapidly into Paris’s prestigious
shopping areas and emerging hot spots.
High street
The Champs-Élysées is Europe’s most expensive retail location and has
recently welcomed new brands such as Longchamp, Tiffany & Co. and Five
Guys. Department store Galeries Lafayette is set to follow in 2018. Over the
past decade rents have soared to record breaking levels as demand has far
outstripped supply, especially on the even-numbered side which benefits from
more sun. Paris’s luxury sector is particularly strong, with demand being driven
by wealthy visitors from developing countries globally. The Golden Triangle in
Paris, particularly the prestigious Avenue Montaigne, remains the top destination
for luxury retailers like CHANEL, Louis Vuitton and Prada. The same applies to
Faubourg Saint-Honoré, Rue Saint-Honoré as well as Place Vendôme. Beyond
these prestigious areas, new districts are emerging and others are expanding
or strengthening, including the Opéra and Boulevard Haussmann area and the
district of Saint-Germain-des-Prés. Boulevard des Capucines and Place de la
Madeleine have also experienced strong demand and welcomed new brands like
Harmont & Blaine, Crabe Royal and The Whisky Shop.
Shopping centres
Parisians living on the periphery prefer to go to well established shopping centres
like Rosny 2 or Vélizy 2. Major extension work for the established schemes Carré
Sénart and Parly 2 is currently underway, with completion planned for 2017. The
42,000 sqm Seventy Eight project is currently the largest development project
on-going in Greater Paris, scheduled to open in 2017. The refurbishment of the
Forum des Halles was completed in early 2016, which signified the end of the
largest urban development project of the last 30 years in the heart of Paris.
Shopping centre
Belle Épine Les Quatre Temps
Carré Sénart
Rosny 2
Parly 2
Vélizy 2
Val d’Europe
Les Forum des Halles
Beaugrenelle Source: JLL 2016
Opening year
GLA (sqm)
1971
1981
2002
1973
1969
1972
2000
1979
2013
141,000
139,400
120,500
111,600
107,200
104,000
82,900
64,000
45,000
30 min drive time
population
Prime rent
(sqm/year)
7.6m
€18,000
Rental growth
outlook
Prime rental information for Champs-Elysées.
Note: Population based on 30 minute drive time study area.
Key indicators
Paris
Population (‘000s No.)
Purchasing Power / Capita (€)
GDP Forecast 2016-2020 (% pa)
Retail Sales Forecast 2016-2020 (% pa)
Global CBRA Rank (Out of 140 cities)
7,604
26,600
1.5
1.2
3rd
Source: JLL, Michael Bauer Research GmbH 2014, ESRI 2015, Oxford Economics (June 2016)
Global CBRA Rank = Global Cross Border Retailer Attractiveness Rank
Note: Population and Purchasing Power/Capita based on 30 minute drive time study area
Key retail entrants
Coach
Five Guys
Alexander McQueen
The Whisky Shop
Harmont & Blaine
J.Crew
Location
Key tenants
Edge of Town Edge of Town Suburbs
Edge of Town Edge of Town
Edge of Town Suburbs
City Centre
City Centre
C&A, Carrefour, Darty, H&M, Desigual, Superdry
Auchan, Apple, Fossil, C&A, H&M, Sephora, Zara
Apple, Carrefour, Darty, H&M, Hollister Co., Sephora
Apple, Carrefour, Darty, Galeries Lafayette, Fnac, Sephora
Apple, BHV, Darty, Decathlon, Fnac, Zara
Auchan, Apple, Darty, Desigual, Fnac, GUESS, H&M
H&M, Zara, Desigual, Apple, Auchan, Massimo Dutti
C&A, Darty, H&M, Fnac, MAC Cosmetics, MANGO
Guerlain, H&M, Hollister Co., Marks & Spencer, Nike, Zara
Annual visitors
16.0 m
45.8 m
14.8 m
14.4 m
12.4 m
14.9 m
16.5 m
37.4 m
7.4 m
Copyright (c) JLL IP, INC 2016
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James Dolphin
Lead Director International Retail
+44 20 7852 4623
[email protected]
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Veronique Nocquet
Head of Retail Agency France
+33 140 554 810
[email protected]
Copyright (c) JLL IP, INC 2016 No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. It is based on material that we believe to be reliable.
Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
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James Dolphin
Lead Director International Retail
+44 20 7852 4623
[email protected]
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Veronique Nocquet
Head of Retail Agency France
+33 140 554 810
[email protected]
Copyright (c) JLL IP, INC 2016 No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. It is based on material that we believe to be reliable.
Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
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Veronique Nocquet
Head of Retail Agency France
+33 140 554 810
[email protected]
Copyright (c) JLL IP, INC 2016 No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. It is based on material that we believe to be reliable.
Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
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James Dolphin
Lead Director International Retail
+44 20 7852 4623
[email protected]
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JLL Contacts
James Dolphin
Lead Director International Retail
+44 20 7852 4623
[email protected]
Veronique Nocquet
Head of Retail Agency France
+33 140 554 810
[email protected]
Copyright (c) JLL IP, INC 2016 No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. It is based on material that we believe to be reliable.
Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
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Paris – Overview – 5 of 5"
A 115
Gonesse
Garges-Lès-Gonesse
A1
Les Allées
de Cormeilles
Pierrefitte-Sur-Seine
O’Parinor
)
"
)
"
Argenteuil
)
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Sartrouville
Plein Air
)
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Espace
Chanteraines
Le Plateau
)
"
Gennevilliers
)
"
So Ouest
!
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)
"
Bobigny "
)
)
"
Galeries
Lafayette
)
"
BHV
N 1014
ST-LAZARE PARIS
Les
Boutiques
du Palais
Neuilly-Sur-Seine
Rueil-Malmaison
Le Pré-Saint-Gervais
)
"
Galeries
Lafayette
(Opening in 2018)
Champs
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Elysées
Canal
Saint Martin
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"
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Opéra-St
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Paris
Le Passage
de l'Hôtel
de Ville
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)
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Boulogne-Billancourt
Beaugrenelle
Issy-Les-Moulineaux
Marché
St-Germain
Le Bon Marché
Bercy Village
)
"
)
"
Italie 2
La Vache
Noire
)
"
A4
Ivry-Sur-Seine
)
"
)
"
)
"
Le Plessis-Robinson
N 385
Jouy-En-Josas
Printemps
N 118
Saint-Maurice
Arcueil
)
"
Fontenay-Aux-Roses
!
P
Bercy 2
Okabé
Vélizy 2
A 86
)
"
Forum 20
Vitry-Sur-Seine
A 6a
P
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Other Retail Area
Kilometres
A 106
A 6b
Soleil
1.5
Belle Epine
Galeries Lafayette
)
"
Key Retail Area
Créteil
Shopping Centre
Department Store
L'hay-Les-Roses
Wissous
!
P
)
"
"
)
N 186
Thiais
N 186b
JLL Contacts
James Dolphin
Lead Director International Retail
+44 20 7852 4623
[email protected]
Grand Angle
La Grande
Porte
Saint-Mandé
Quais d'Ivry
Les Hauts
de Clamart
)
"
Montreuil
)
"
BHV
Les Trois
Moulins
A 186
Rue Fbg.
St Antoine
St Germain
Galeries
Lafayette
Bel Est
)
"
Forum des
Halles
)
"
"
)
Grenelle
Le
Marais
!
P
"
)
)
) "
"
Domus
Rosny-Sous-Bois
Bagnolet
)
"
Meudon
Rosny 2
Carrousel du Louvre
Passy Plaza
)
"
"
)
Bobigny 2
Le Millénaire
Citadium
Courbevoie
A 13
Aubervilliers
Printemps
Clichy
CNIT
Drancy
)
"
Passage
du Havre
)
"
)
"
Avenir
N 315
Charras
Les
Quatre
Temps
A 16
Villeneuve-La-Garenne
Colombes
Nanterre
Le
Bourget
Saint-Denis
)
"
A 14
A3
Basilique
Argenteuil
Veronique Nocquet
Head of Retail Agency France
+33 140 554 810
[email protected]
Copyright (c) JLL IP, INC 2016 No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. It is based on material that we believe to be reliable.
Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
¯
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