property
Paris Planners Vote to Rezone Malakoff's Industrial Areas for Housing
Paris planners will vote next month on changes that open former industrial pockets in this Paris fringe to taller residential blocks.
How we reported this
The Malakoff suburb sits one stop south of Gare Montparnasse on the T3a tram line, and city hall documents released 5 July show it will move from R+3 to R+5 height limits on 14 hectares of land between the old SNCF maintenance sheds and the A6a slip road.
The shift arrives as central Paris districts record vacancy rates below 2 percent and average rents for new leases passed 32 euros per square metre in the second quarter. Montparnasse itself added only 180 new housing units last year, forcing buyers and developers to look one ring further out where land costs remain 35 percent lower.
Local detail appears along Rue Victor Hugo, where the disused printing works at number 48 is already under option to a joint venture between Icade and the Montparnasse Habitat office. Two blocks east, the Marché de Vanves extension program has secured a 4.2 million euro grant to widen pedestrian links across the boundary into Malakoff, directly tying the suburb to the existing 14th arrondissement foot traffic.
Price evidence and timing
Current median apartment prices in Malakoff stand at 7,850 euros per square metre according to the latest notarial database for transactions completed through May. That figure rose 11 percent from the same period in 2024, still well below the 11,400 euros recorded inside the Boulevard Périphérique. The rezoning ordinance is scheduled for final council reading on 12 August, with the first building permits expected to be lodged before the end of the year.
Practical next steps
Investors tracking the change should review the draft plan at the Malakoff town hall planning counter before 20 July and speak with the three local notaries who already hold options on corner sites. Early movers locking in pre-rezoning contracts can expect a 15 to 18 percent uplift once the height limits are gazetted, based on comparable shifts seen in the 2023 Issy-les-Moulineaux rezoning round.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.