Q1 was encouraging for the commercial property investment market (€3.6 billion committed, +70% approx.), driven by large-scale transactions. The market then returned to the bare minimum: €2.2 billion in Q2 (-8%) and €2.7 billion in Q3 (-27%). "Like the rest of Europe, the French investment market was starting to rebound in 2025, but the slowdown observed before the summer has unfortunately been confirmed by the first results for Q3," observes Nicolas Verdillon, Managing Director of Investment Properties at CBRE France.