The real estate sector is resilient and has good prospects with EOL SUD
Two logistics platforms of 67,500 sqm and 83,400 sqm for rent in Clésud (13) - Exclusive to EOL
In a market study carried out by EOL Sud, the real estate consultancy firm specialising in industry and logistics, whose offices are in Vitrolles, shows a potential of 51,000 sqm of future space with a number of new projects.In a market study carried out by EOL Sud, a business property consultancy specialising in industry and logistics with offices in Vitrolles, shows a potential of 51,000 sqm in the future, with building permits obtained and 636,000 sqm in the pipeline in the southern region. This places our metropolis just behind Orleans and the Île de France.
Laurent Bedjidian, director of EOL SUD, a subsidiary of the company EOL created in 2002, confided to us that he had finished 2020 " with a 30% increase in turnover, as he has every year for the past fouryears. The available supply of business premises in Marseille is currently 26,000 sqm. The market remains tight to meet demand, particularly from logistics service providers, who account for more than half of all requests.
New projects for a changing demand
In our region, the year saw significant transactions, such as 20,000 sqm in Saint-Martin-de-Crau, 55,000 sqm for the Distriport logistics platform in Port-Saint-Louis-du-Rhône, and the La Feuillane zone in Fos-sur-Mer. Demand is growing. Laurent Bedjidian continues: " In the metropolis, we have a market share of around 20% of business premises transactions each year and the business property market in the metropolis represents a volume of 100,000 sqm per year.
The impact of the crisis has mainly affected the commercial property market; offices ended the year with a 30% drop in volume. He continues on the subject of changes in demand: "There has been a continuity of demand and even a surplus of demand linked to the immediate effect of the COVID where goods had to be transported quickly. To do this, companies have had to increase their storage capacity, which has led to an increase in demand for large buildings, but also, as a result, to a lot of demand around 300/400/500 sqm, where companies want to position themselves as close as possible to the consumer basins.
A building stock in need of upgrading
The metropolitan property stock was structured in the 1960s-1970s and has received little investment since then. Although the sector has started to be structured since 2010 with investors and players, because beyond the lack of property on the territory, the stock in the metropolis is ageing:"We have the demand, it is the supply, especially in terms of quality, that is lacking.
As a result, entrepreneurs are actively looking for wasteland, land to be redeveloped that corresponds to these new demands: "2021 will be the year when we will have to find solutions for all the last mile distributors. This corresponds either to internet sales, pure players, the supermarket chain Cdiscount, Amazon, or all the other omnichannel brands, in-store sales by click and collect and everything that is home delivery. Today I must have about ten companies that want to position themselves on buildings between 300 and 1,000 sqm that will need to accommodate 3 or 4 heavy goods vehicles per day and then have to deliver to individuals with light vehicles. And there, we have no offers! So we have to go out and find them, and work with the owners who are redeveloping their premises.
Challenges for the future
This rapidly changing sector is particularly relevant in our region, which has new developments in the south of the Pays d'Aix, notably in Meyreuil, where the business parks have been rented and sold, and in the north of the region, where there is no new development.This rapidly changing sector is particularly relevant in our region, which has new developments in the south of the Pays d'Aix, notably in Meyreuil, where the business parks have been rented and sold, and in Gardanne, with the Puits Morandat, which is well structured with a particular environmental theme.
Finally, the requalification of the area around the Etang de Berre also represents the challenge to come because the manager confides to us that he has already received signs of interest from companies for business parks.companies for business parks in Marignane, Saint-Victoret, Gignac la Nerthe, or Rognac and who have already made reservations that will be released by 2022-2023. Clé Sud is, for example, the industrial logistics platform zone located in Miramas.
The project totals an investment of 23,548 million euros divided between the public authorities: the State 5.686 million, the Regional Council 5.365 million, the County Council 5.365 million, the SAN Ouest Provence 1.316 million, and the private players: Clésud Terminal and Clésud exploitation. The actors see the project of requalification of the Etang de Berre and the perspectives of development that it carries with it in a good light. The Clésud 2022 multimodal platform plans new buildings that will be built with an extension of 150,000 sqm.
To be continued...
Source: Provence Business
https://provencebusiness.fr/en-coulisse-avec/immobilier-entreprise-eol-sud-bureau/