PARIS - With companies cutting back on office space as working from home remains popular, Europe's biggest business district is looking to students to fill the void left by workers.
While occupancy rates have held up relatively well at La Defense, the area will have more office space to fill as a number of new buildings are under construction. For the past few months, the area has shown its "desire to complete its transformation into a place of student life and activity", Guice said.The latest arrivals are private schools from other French regions that specialise in management and business and want to plant their flags in the capital.
"We came here to be closer to the companies, and to be more visible in terms of recruitment of students and international partnerships," said Caroline Roussel, head of IESEG, which has been present at La Defense since 2008. Caroline Nachtwey at commercial realtor CBRE said being in the business district improves job prospects for students but is also advantageous for the schools as rents are slightly cheaper than in the centre of Paris.
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