Lyon: more for your money
With industrial and scientific parks, tertiary facilities, dedicated business incubators, innovation centers and logistics facilities, Lyon offers a full range of business real estate. And Lyon’s moderate cost of living puts it ahead of other large cities around the world.
Business real estate and operating costs
Lyon ranks second in foreign real estate investments in France and offers some of the most competitive prices in Europe:
- 4,3 million square meters of office space equals that of Barcelona,
- 300,000 square meters of office space,
- 650,000 square meters of warehouse and business real estate are available immediately,
- every year, an average of 65,000 square meters of new office space is delivered.
Lyon or Paris?
According to a 2007 study by Ernst & Young, setting up a business with 100 employees in a space of 2000 square meters in Lyon, rather than in Paris, represents a potential savings of more than 1,3 million euros annually.
By choosing Lyon, not only do you get high quality real estate at far lower prices (210 € excl. tax/ sq. m.) than in Paris (603 € excl. tax/ sq. m.), you also save 5 to 15% on salary costs.
Salary costs in Lyon are amongst the lowest in Europe's major cities. They are 5 to 15% less, on average, than in Paris and far below those of London, Geneva, Frankfurt and Brussels.
Cost of living
A family of 4 (renting a 100 square-meter -1076 square-foot- apartment in a residential neighborhood, paying full-time childcare for 1 child and 15 hours of housecleaning per week, with average spending on everyday items such as food, transportation, healthcare and leisure) will save €15,400 net per year by living in Lyon rather than in Paris.
For the same quality of life, the budget for Lyon comes out 30% lower than the budget for Paris. (Source : Ernst & Young août 2005)
And much more, tuition at international schools are among the most affordable of European capitals: half the price of Barcelona, one sixth the price of Paris.