PARIS REGION, LEADER OF NEW TECHNOLOGIES IN REAL ESTATE
Paris Region has the largest business property portfolio in Europe. For 15 years, the Region has built 1 million m² of new office space every year. This growth it intends to boost further, by supporting urban projects, attracting innovative startups and integrating new technologies into its real estate strategy.
« For us, the choice of Paris Region was natural. Paris Region is the 3rd largest office market in the world, after New York and Tokyo. As a company with great ambitions, we cannot ignore such a large market. . » In a few words, Natalia Turkiewicz, Director of business development WiredScore  - France, summarized the attractiveness of the Ile-de-France for real estate players. With 12 million inhabitants and a GDP equivalent to that of the Netherlands, Paris Region is indeed attractive. It is today an essential place for international business.
PARIS REGION: LEADING PROPERTY PORTFOLIO IN EUROPE
Not only does Paris Region represent the leading business property portfolio in Europe, it also has a rich and competitive supply of office space. A reality confirmed by Valérie Pécresse, President of the Paris Region Council: “Paris Region has the largest commercial property portfolio in Europe with 53 million square meters identified and 3.5 million square meters available. Corporate real estate is an important component of success in attracting investors. ” Paris Region has 35 business districts, which provide all the necessary business services, with prime rents and office occupancy costs that are half as expensive as those of the City of London. Last December, the Grand Paris Office Crane Survey by the auditing firm of Deloitte even announced a historic peak of 230,000 m² of new office space delivered in the capital in the summer of 2017. In Greater Paris, there are more than 1.75 million m² of registered office building projects. And 3 million m² of office space are ready to be launched in Ile-de-France.
A REGION AT THE HEART OF THE DIGITAL REVOLUTION
In addition, Paris Region is a territory at the forefront of innovation, at the heart of the digital revolution, as evidenced by the installation in June 2017 of the largest campus of startups in the world, STATION F, which hosts the incubators of Facebook, Microsoft and Ubisoft. Not surprisingly, Paris Region is one of the most attractive regions for startups and innovative companies. In 2017, the City of Paris won the prize for the European Innovation Capital, awarded by the European Commission. Internationally, France is considered to be the most competitive country in the world  for its research activities. In fact, the cost of a researcher in a company in France is 77% lower than in the United States and 30% less than in Great Britain.
Natalia Turkiewicz, whose start-up WiredScore moved to Paris in March 2017, confirms: “It’s fantastic to work in Paris Region. You have the best engineers and they cost less than in New York. Paris Region brings together a complete ecosystem in terms of office real estate technologies. ” Because in real estate also, Paris Region aims to innovate - crowdfunding, building information modeling, blockchain - they all come together to upset the entire value chain of the real estate sector. A myriad of young companies are combining these technological bricks to invent new business models. In 5 years, the number of startups in real estate has been multiplied by 4.
A REGION THAT REINVENTS ITSELF
Paris Region is now experiencing a real "urbanistic" revolution, supported by exceptional investments in the transport sector.
For the Paris Region Council, this issue of urban mobility is a priority. As such, €24 billion will be invested by 2025, to renovate and renew equipment (subway trains, trains, buses), develop public transport lines, build new stations, create parking space and enhance accessibility and security.
To these infrastructure projects should be added the Grand Paris Express, the largest urban project in Europe that will allow Ile-de-France residents to benefit from an ultramodern subway, designed to provide top-quality service to local areas, including suburban zones.
In total, nearly 50 billion euros will be allocated to this sector in the coming years. This investment is unprecedented and unique in Europe.
These major projects open up new perspectives for investors, becoming new starting points for development, with new neighborhoods: no less than 140 km² of space will be developed around the stations.
Added to this is the desire to renew the urban landscapes of Ile-de-France, with the launching of major architectural competitions, such as “ Let’s invent the Metropolis of Greater Paris ", the calls for projects “ Reinventing Paris " I et II, not to mention the international initiative “ Reinventing Cities " chaired by Anne Hidalgo, the Mayor of Paris, with the outlook of stimulating city planning that is more ecological and sustainable. Four Parisian sites contribute to this global call for projects. “Corporate real estate is very attractive in Île-de-France,” says Pascal Chassaing, President of the Paris Chamber of Notaries, “The unifying project of Greater Paris, which is now becoming a tangible reality, the dynamism of the competitiveness clusters and the organization of the Olympic Games by Paris in 2024 are all factors of support in the short and medium term for this segment of the market”. Paris will indeed have the honor of hosting the Olympic Games in 2024. These Games, organized under the label of innovation and sustainable development, will represent for Paris Region a formidable accelerator of growth and international influence.
MAKE PARIS REGION THE EUROPEAN "SILICON VALLEY"!
Another asset of Paris Region to support the deployment of new technologies in the real estate sector: its Smart Region Initiative launched at the end of 2017. The goal is to make digital technology serve the needs of citizens, businesses and territories, and to create a "Parisian lifestyle", with new ways of moving, working, consuming and learning. In real estate and other sectors, the ambition is to make Ile-de-France the leading Smart Region of Europe. It’s going well: Facebook, Cisco, Fujitsu and Amazon Web Services have all chosen Ile-de-France to set up their R&D centers in artificial intelligence.
In early 2018, at the CES in Las Vegas, Valérie Pécresse also presented three measures in favor of innovative startups.
The first, the "Paris Region Starter Pack", helps startups and international SMEs to set up in the Paris Region, providing financial support for projects over 3 years.
The second measure announced is the opening to foreign startups of the Innov’up Proto call for projects, which supports the production of innovation prototypes. The winning young companies are accompanied by the Cap Digital competitiveness cluster and will be able to exhibit their prototypes at the Paris Region Smart Weeks in May 2019 (Vivatechnology, Futur.e.s).
Lastly, Valérie Pécresse declared that an “AI 2018 Paris Region” competition dedicated to artificial intelligence will be launched in 2018 to benefit companies located in Ile-de-France or wishing to set up there.
« UNITED GRAND PARIS » AT THE MIPIM IN CANNES
The urban renewal of Ile-de-France will be highlighted by the Ile-de-France Region in March 2018 in Cannes, at the world's largest trade fair for business real estate professionals, the MIPIM: 23,000 participants from 90 countries and more than 500 cities. Under the “United Grand Paris” banner, the Ile-de-France Region will show to MIPIM the common ambition of its players to attract new investors from the international scene. This is owing to its many assets that it will present in detail: its remarkable living environment, obviously, but also its exceptional supply of office space (over 10 million m² of future projects, stimulated by the development of the Grand Paris Express), its wealth of innovation (156,000 researchers, 1,200 research centers, giant incubators dedicated to innovation such as STATION-F and LE CARGO), its tremendous momentum on the transportation worksites (200 km of new automatic lines, 68 stations and 140 km² of new urban spaces to be developed), not to mention the architectural projects of Greater Paris.
THE FIRST EDITION OF MIPIM PROPTECH EUROPE IN PARIS: AN ENTIRE SYMBOL
In June 2018, Paris will host the first edition of MIPIM PropTech Europe: a strong symbol for Ile-de-France. For participants from traditional real estate, the event will be an opportunity to discover avant-garde technological projects. For their part, the young tech companies will have at their disposal a vast exhibition area to present their innovations dedicated to the city and smart buildings. They will meet real estate professionals who can accelerate their growth.
 WiredScore is a New York startup with expertise in connectivity dedicated to real estate business freshly arrived in the Paris Region in March 2017.
 According to the 2017 KPMG study