The European commercial property market continued to do well in the first quarter of 1999, according to a study carried out by Jones Lang Lasalle. The study even forecasts an increase in the highest rents of 3% to 5% in the next three years. Yields are falling and are currently around an average of 6%. In Pairs, rents of these low yield properties are those which have increased the most. Moreover, the vacancy rate in the central districts has fallen below 5%, its 1992 level.
Le Figaro, 14 June 1999, page 28
