HISTORIC OUTPERFORMANCE OF MID-MARKET DEALS
HISTORIC OUTPERFORMANCE OF MID-MARKET DEALS
A structuring trend: in recent years, particularly in 2023 and 2025, mid-market volumes have exceeded those of the large market (>5,000 sq m), which has conversely declined. The momentum observed in the mid-market segment is notably a consequence of landlords’ new strategies to subdivide buildings.
Small (under 1,000 sq m) and mid-market transactions (1,000 to 5,000 sq m) have reached an unprecedented level, the highest in 20 years. In 2025, the mid-market segment hits a new historic peak: nearly 95,000 sq m transacted, setting an absolute 20-year record and surpassing the 2007 peak.
BREAKDOWN OF TAKE-UP BY SIZE SEGMENTS (thousands of sq m)
300
250
200
150
100
BREAKDOWN OF TRANSACTION VOLUMES BY SIZE SEGMENT
50
2000
2025 80
2001
0
2024
2002
2023
2003
60
2022
2004
<1,000 sqm
1,000 – 5,000 sqm >5,000 sqm
40
2021
2005
Less than 1,000 sqm
20
2020
2006
From 1,000 to 5,000 sqm
More than 5,000 sqm
2019
2007
64% is the share of take-up in the mid-market segment in 2025
2018
2008
2017
2009
2010
2016
2011
2015
2014
2012
2013
Source: Cushman & Wakefield
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CUS H MAN & WAK EFI ELD
LA DEFENSE MOVES 2026
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