Estimated their investments on the first nine months of the year to EUR 237 million

Statistics of the Toulouse Observatory of the real estate business announced for 2008 the maintenance of a good level of marketing 90,000 m2 negotiated during the first three quarters leaving provide professionals annual score virtually equivalent to that of the previous year (133.000 m2).

The signatures for the last quarter should confirm this relative optimism, especially in the aeronautics sector. Because, despite Power 8 affecting EADS and the reorganization of subcontracting, demand remained strong throughout the year in Toulouse West. In this "Aeronautics gold triangle", it has indeed already registered extensions of EADS and Rockwell-Collins in Blagnac, the installation of Atos Origin on 8,000 m2 in Saint-Martin-du-Touch and Aéroconseil in Blagnac, where another partner of Airbus must sign for a program of 6500 m2 by the end of the year. "Investors continue to focus on the Grand Toulouse and remain very present on many programs of offices under construction" argues Michèle Bellan, President of the Observatory. Estimated their investments on the first nine months of the year to EUR 237 million.

At the same time, the impact of the urban free Zone created to support the neighbourhoods in difficulty of Toulouse South is not denied for the important tax advantages enjoyed by companies that locate. Thus, on the new area of activities of Bordelongue, Arthur Loyd Toulouse agency negotiated a major investor operation for the benefit of the AGF around 15,000 square metres of new Office program.

DTZ Jean Thouard, it "welcomes also a volume of activity than the previous year, a relatively stable market, with signatures programmed for the last months of the year", says Pascale Cieutat, the Regional Director.

100,000 m2 of new offices

Although the new zone to Blagnac Andromeda with its programs in construction high quality environmental already sold to investors take the market upwards, rental prices, after their catch-up in 2007, remained stable, inflation between 130 and 200 euros per square metre and per year, according to the programs and locations.

However, this optimism in a degraded national economic matter is tempered by some signs of slowing down the application and the legitimate concerns on the impact of the financial crisis and the credit crunch. "The available one year offer is in constant progression with a volume of 200,000 m2 found to date, including 100,000 m2 of new offices and the risk of oversupply is not to exclude" view Marc Delpoux, the Director of Atisreal in Toulouse.

The stock of former offices should logically suffer from comparison with new programs that the price differential is not determinative. The notable exception of the centre of Toulouse, where the shortage of new offices is always obvious since the end of the Marengo operation, despite a request always supported. Sale of second hand buildings are easily lessees, the image of the Mornay (4,700 m2 at Compans Cafarelli) group, quickly sold to an investor. To remedy this deficiency, the Observatory weighs more than ever with the new municipality and the Grand Toulouse for the creation of a new business district area in touch direct with the future TGV train station Matabiau.