While prime rents are still holding up, rental values for secondary office properties in the Ile-de-France region of France have fallen by up to 10% over the past 12 months, a new research report issued by property services firm DTZ shows. Jean-Luc Chalard, managing director and responsible for marketing and transactions at DTZ, said: 'The slowing down in the Ile-de-France office market is consistent with the one in the French economy. The numerous landlords [in the region] are renegotiating their current leases in order to retain their tenants and are reviewing office rents downward to keep them in line with the market.'
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