Space is also rare in the sector Ravezies

There is no miracle in Bordeaux. The market of the real estate business in the metropolitan area does not escape the general downturn. The record established in 2006 (111.800 m2) and approached rental transactions in 2007 (Austria m2) is certainly not beaten. They had at the end of the third quarter, a decline of about 20 over the first nine months of 2007. The first half had been rather well oriented, but the summer break has been more marked than usual. And the end of the year, generally active time, not enough to fill the delay. "Should finish around 85,000 m2, or about the speed of the metropolitan area", provides Jacqueline Rolie-Novelli, local Director of Foncia companies and President of the Observatory of the real estate business.

The market is not frozen so far. "We realize lots of transactions for less than 500 m2 surfaces," said Benoît Chevauchée, local pattern of DTZ. But the deceleration is apparent for larger projects. Some, yet well advanced, slow out of the pipes in view of the uncertainties of the situation. "The players tend to look in earthenware dogs", said Philippe Barrieu, CEO of cabinet Rexime-Tourny Meyer, to describe scenarios in which the details are often raised at the last minute to justify a delay in signing. A similar slowdown affects sales to investors. Here again, the market is not totally weak, since a local private player as the Réaumur, already owner of a beautiful tertiary heritage group, just redeem two buildings of slightly more than 7,000 m2 on the land of the famous wine producer Bernard Magrez (château Pape Clément, etc.). Conversely, the taps significantly tightened with institutional investors

Increase in the vacancy rate

This settlement of the transaction leads to an increase in the vacancy rate, where several programs built in white or grey arrived on the market. The available less than a year offer reached approximately 125.000 m2 instead 113.000 2007 and 6.1 of the Park.

The relationship between the supply and demand is highly variable depending on metropolitan areas. In Bordeaux, it becomes difficult to accommodate companies in need of large areas. Waiting for the launch of the construction of a new island, there is virtually no place in headquarters renovated country house, on the right bank of the River. Space is also rare in the sector Ravezies. Located approximately 3 kilometres, he knows since the end of the 1990s a resurgence in youth, reinforced recently, as in the Bastide, by the arrival of the tramway, whose role in the structuring of the agglomeration becomes decisive.

This tramway contributes to the revival of the sector of the Lake, more to the North, the place Ravezies, 2 km beyond the boulevards of belt. Proactive planning of the time symbol Chaban-Delmas, the district had a drowsiness due to an inequation of its building to the new needs of the business and the arrival of camps of travellers. Partially served by the tram, this vast area began its revival. In the western part of the Lake in the municipality of Bruges, the ZAC of Tasta, linking housing and offices is a commercial success. After evil of other actors, such as the Urssaf, the insurance broker Gras Savoye will install on over 3,000 m2 in a set built by the local promoter Altae.

On the other side of the Lake, in the commune of Bordeaux, a part of office buildings were rejuvenated. The vacancy rate decreased significantly in this sector where the realization of a huge ZAC primarily focused on housing starts under the impetus of Bouygues. In addition, several operations are developing on the whereabouts of Boutaut, formerly malfamée artery, but which, tramway and rehabilitation helping, now becomes a hyphen between Ravezies and Lake, to the point that the Icade sponsor there will implement its regional headquarters.

On the commune of Pessac, located southwest of Bordeaux, and is the second pole of the tertiary peripheral housing after Merignac, the offer is adapted to demand. The Parisian promoter Fulton will develop that gradually its Edison Park operation, including the projected area is 15,000 m2 and when Elyo transferred last year its inter-regional direction. Similarly, operator Alsatian Lazard, very present in the metropolitan area, will launch out its program of 20,000 m2 on the former lands of the Aquitaine's ready-to-wear company.

Conversely, the vacancy is significant Mérignac, pole lighthouse of the girondin offices real estate. Some 40,000 m2 are available because the two operations launched by Lazard (Greenwich and Pelus Plaza) and 2 other smaller programs. Valery Carron, Director of Atisreal Bordeaux, insists on the need of not "blacken the table" while acknowledging that it will take some time for this stock.

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