At the same time as its first study dedicated to Reunion public real estate, Inovista presented to its partners the results of its annual survey on the local corporate real estate market for 2024.
A little more than 100,000 m2 were started on the island last year, figure up slightly compared to 2023, but lower than 2021 and 2022. On the other hand, sales and rentals decreased by 24% compared to the previous year (130,000 m2 marketed in total). 41% of this transactional activity was recorded in the North, 23% in the West, 21% in the South and 15% in the East. Sales and rentals of commercial premises drive activity : they increased by 33% over the year. But they fell by 58% for business premises and warehouses and by 22% for offices., reflecting a sluggish economic situation. Rental values are still very high, linked to the imbalance between supply and demand for business premises and warehouses. For warehouses and business premises, the gap is considerable between Reunion and some large French metropolises (Bordeaux, Toulouse, Lyon, Aix-Marseille), where rental rates are around 5 euros per m2. Finally, the amount of investment recorded in 2024 (100 million euros) is on the rise, in connection with the launch of two major operations during the year, Espace Bertel in Chaudron and Kanopée Boutiques in La Possession.
