The market for office space declined slightly, but saw notable new developments
- The Observatory’s partners handled 43,521 m² of office space in the first six months of 2025 with a total of 119 transactions (-11% compared to the first half of 2024).
- Average transaction surface area: 281 m²
- Six transactions concerned surface areas of more than 1,000 m²
- The market for commercial premises continues to be mainly oriented towards leases (72% of the total surface area), while acquisitions represented 28% of transactions.
- Pre-existing properties continue to dominate the market, accounting for 65% of transactions (35% new).
- 57% of occupants are local or regional players, while 33% are nationwide.
- Average prices (excluding VAT/maintenance/parking):
> Lease of existing space: 156 €/m²
> Lease of new space: 176 €/m²
> Acquisition of existing space: 2,450 €/m²
> Acquisition of new space: 2,663 €/m²
- Demand is mainly concentrated in the territory’s east sector (41%), followed by the south (28%) and north (21%).
Significant transactions
- WEDA - Medical software publisher - Lease of 1,400 m² of office space - Espace Concorde – Pérols - Foncière inea - Handled by: NORMAN TAYLOR.
- Cyber-security company - Lease of 700 m² of office space - Parc de l’Aéroport – Pérols - Handled by: THELENE ENTREPRISES.
- SAS GEJU / ENSANTE - Occupational Health and Safety Department - Sale before completion - 3,846 m² of office space - BELVÉDÈRE DE GIMEL - Euromédecine Grabels Park – Handled by: TOURNY MEYER.
- AEKO, MUHAN INVEST, UNITEL DE VINCI HIGHER EDUCATION - Higher Education Establishment - CASTELMED PARK - Lease before completion - 3,260 m² of office space - Castelnau-le-Lez – Handled by: TOURNY MEYER.
- Financial and IT services company - Sale before completion of 190 m² offices - HALLE NOVA VENTE Cambacérès Montpellier – Handled by: TRANSAC IMMOBILIER.
- BETA INNOV - Biotechnology R&D - Laboratory/Office space lease - 433 m² - CAP DELTA Biopôle Euromédecine Grabels - Handled by: ALTEMED / MONTPELLIER MEDITERRANEE METROPOLE.
A commercial real estate market that has been impacted but remains dynamic
- The Observatory’s partners handled 33,722 m² in the first six months of 2025 with a total of 69 transactions (-37% compared to the first half of 2024).
- Average transaction surface area: 447 m²
- 37% of the space involved premises between 1,000 and 5,000 m².
- Similarly to the office space market, the market for business premises continues to be mainly oriented towards leases (78% of the total surface area), while acquisitions represented 22% of transactions.
- 88% of the space transactions involved pre-existing properties, 10% new properties, and 2% restructured properties.
- 83% of occupants are local or regional players, while 16% are nationwide.
- Average prices (excluding VAT/maintenance/parking):
> Lease of existing space: 91 €/m²
> Acquisition of existing space: 1,446 €/m²
> Acquisition of new space: 1,671 €/m²
- Demand is mainly concentrated in the territory’s southern (43%) and eastern (21%) sectors.
Significant transactions
- HELIOWATT - Customized photovoltaic shade solutions - Sale before completion - Mixed-use office/business building - 2,400 m² - Delivery in 2026 - Parc de la Vallée du Salaison – Vendargues – FERRINI BTP - Handled by: NORMAN TAYLOR.
- ELIDEM - Collection, transport, and treatment of medical waste - Sale of a 481 m² commercial building - Parc 2000 Montpellier - Handled by: TERTIA CONSEILS ENTREPRISES.
- MC2IT - Specialist in IT product distribution and IT/cybersecurity services - Sale of a 1,678 m² mixed-use office/business building in Fabrègues - Handled by: TERTIA CONSEILS ENTREPRISES.
- DO&KA - Storage of animal feed - Business premises - ZA du Rouergas - Saint-Gély-du-Fesc - Handled by: THELENE ENTREPRISES.
- MB THERAPEUTICS - 3D manufacturing of personalized medicine - Lease of 325 m² workshops/offices - LES ATELIERS RELAIS DU MILLÉNAIRE - Montpellier - Handled by: ALTEMED / MONTPELLIER MEDITERRANEE METROPOLE.
Real estate market in sharp decline but nevertheless attractive
Five real estate transactions were finalized in the first half of 2025, totaling 21,944 m² (-51.4% compared to the first half of 2024).
Most of these transactions were located in the southern (60%) and eastern (40%) parts of the territory.
Significant transactions
- BATIH - Development Company - Sale of a 5,428 m² lot for construction of the 2,923 m² “Le Village des Carrières” program - Delivery Q1 2026 - Jules Rimet Sussargues mixed development zone - Handled by: ALTEMED / MONTPELLIER MEDITERRANEE METROPOLE.
- ADAGES - Association for people with disabilities - Sale of a 6,409 m² lot for construction of a 2,372 m² work assistance center (ESAT) with workshops and offices - Delivery mid-2027 - ZAC Charles Martel - Villeneuve-lès-Maguelone - Handled by: ALTEMED / MONTPELLIER MEDITERRANEE METROPOLE.
About the Commercial Property and Real Estate Observatory for Montpellier and its Metropolitan Area
The Commercial Property and Real Estate Observatory for Montpellier and its Metropolitan Area comprises twelve members: ABC Immobilier d’Entreprise, Arthur Loyd, BNP Paribas Real Estate, FDI Services Immobiliers, Norman Taylor, Tertia Conseils Entreprises, Thélène Entreprises, Tourny Meyer Méditerranée and Transac Tertiaire, ALTEMED/SERM/SA3M group, Montpellier Méditerranée Métropole, and Agglomération du Pays de l’Or.
The Observatory is managed by CERC Occitanie.
For more information and a detailed analysis of the report’s results, please contact Christèle Marnas, Montpellier Regional Director for Tourny Meyer and 2025 spokesperson for the Commercial Real Estate Observatory: +33 6 88 24 55 83 or by email: christelemarnas@tournymeyer.fr.
