France: Government Policies Discourage Internal, Foreign Investment

Article Abstract:

France's real estate market has suffered from political problems related to the socialist government. Tough exchange control laws dampen foreign investment, the franc has been devalued, and taxes have been increased. Long range official policy limiting office development and occupation levels in Paris will at least cause demand to be greater than supply. Vacancy in Paris and its surrounds is about one per cent. Rents are moving upward. Paris is still regarded as the place to be, even though the Mitterrand Administration is aiming at decentralization. Government actions have had a positive impact on the industrial market, if only through a reduction of funding sources. Light industrial and warehouse spaces are scarce, which causes further pressure on rental prices. Generally, investment activity is low, but offices still get some attention. The foremost office investments are expected to yield about six per cent.

Foreign investments, France, Political aspects, Mitterrand Admin.

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Westchester County: Proximity to Manhattan Provides Alternative for Relocations; Office Market Expands, Thanks to Phone Break-Up, Good Economy

Article Abstract:

During early 1983, the Westchester County office market was somewhat weak, but conditions improved by the end of 1983. This is due to development by the telephone company, overall economic improvements, and the geographic relationship to Manhattan. Office rent ranges from fourteen to twenty-six dollars per square foot, a bargain in comparison to Manhattan. Secondary areas have garnered greater attention of late. Residential activity has grown with the relaxation of interest rates. Retail development is expected to flourish if consumer spending continues. Developments in Westchester's Platinum Mile are analyzed. Three major telephone companies have made substantial commitments to the area.

Prices and rates, Real estate development, Offices

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