20 September 2019
2019- n° 243In Q2 2019, the tertiary activities rent index increased by 2.2% over a year Tertiary activities rent index - second quarter 2019
In Q2 2019, the tertiary activities rent index stood at 114.47. Over a year, it accelerated very slightly: +2.2%, as in the previous quarter.
Article 63 of the Law of 17 May 2011 on simplification and improvement of quality of rights (Law 2011-525) established tertiary activities rent index (TARI).
Decree N o 2011-2028 of 29 December 2011 set out the firms concerned and the procedures for calculating and publishing the index.
According to Law 2014-626 of 18 June 2014 (Article 9), which amends section L145-34 of the Commercial Code, two indices can be used for the revision of commercial and other tertiary activities rents:
- the commercial rent index for commercial and craft activities;
- the tertiary activities rent index for activities other than commercial and craft activities.
In Q2 2019, the tertiary activities rent index stood at 114.47. Over a year, it accelerated very slightly: +2.2%, as in the previous quarter.
tableauTertiary activities rent index
| Index | Percentage change over a one-year period (Q/Q-4) % | |
|---|---|---|
| Q1 2015 | 107.69 | 0.29 |
| Q2 2015 | 107.86 | 0.39 |
| Q3 2015 | 107.98 | 0.33 |
| Q4 2015 | 108.16 | 0.33 |
| Q1 2016 | 108.20 | 0.47 |
| Q2 2016 | 108.41 | 0.51 |
| Q3 2016 | 108.69 | 0.66 |
| Q4 2016 | 108.94 | 0.72 |
| Q1 2017 | 109.41 | 1.12 |
| Q2 2017 | 109.89 | 1.37 |
| Q3 2017 | 110.36 | 1.54 |
| Q4 2017 | 110.88 | 1.78 |
| Q1 2018 | 111.45 | 1.86 |
| Q2 2018 | 112.01 | 1.93 |
| Q3 2018 | 112.74 | 2.16 |
| Q4 2018 | 113.30 | 2.18 |
| Q1 2019 | 113.88 | 2.18 |
| Q2 2019 | 114.47 | 2.20 |
- Note : series are available on www.insee.fr
- Source : INSEE
tableauTertiary activities rent index
| Tertiary activities rent index | |
|---|---|
| 2014-Q1 | 0.27 |
| 2014-Q2 | 0.24 |
| 2014-Q3 | 0.43 |
| 2014-Q4 | 0.5 |
| 2015-Q1 | 0.29 |
| 2015-Q2 | 0.39 |
| 2015-Q3 | 0.33 |
| 2015-Q4 | 0.33 |
| 2016-Q1 | 0.47 |
| 2016-Q2 | 0.51 |
| 2016-Q3 | 0.66 |
| 2016-Q4 | 0.72 |
| 2017-Q1 | 1.12 |
| 2017-Q2 | 1.37 |
| 2017-Q3 | 1.54 |
| 2017-Q4 | 1.78 |
| 2018-Q1 | 1.86 |
| 2018-Q2 | 1.93 |
| 2018-Q3 | 2.16 |
| 2018-Q4 | 2.18 |
| 2019-Q1 | 2.18 |
| 2019-Q2 | 2.2 |
graphiqueTertiary activities rent index
- Source: INSEE.
For more information
Article 63 of the Law of 17 May 2011 on simplification and improvement of quality of rights (Law 2011-525) established Tertiary activities rent index (TARI). Decree No. 2011-28 of 29 December 2011 set out the firms concerned and the procedures for calculating and publishing the index. The TARI is published in the end of the third month following the quarter under review.
The tertiary activities rent index (TARI), compiled on a quarterly basis, consists of a weighted sum of indices representing the variations in consumer prices, the prices of new construction and the gross domestic product and in value terms.
The representative index of price level is the Consumer price index for consumption excluding tobacco and rents (IPCL) for all households and on the mainland and overseas departments published by INSEE. The calculation of the commercial rents index uses the average of the index over twelve consecutive months, the last corresponding month being the last month of the quarter for which the tertiary activities rent index is calculated. This average (mIPCL) is expressed by retaining the reference 100 to the average for the first quarter of 2010.
The index representing the price level of new construction is the “Cost of Construction Index” (CCI) published by INSEE. The calculation of the quarterly tertiary activities rent index uses the average of the index over four consecutive quarters, the last quarter being the one for which the tertiary activities rent index is calculated. This average (mICC) is expressed by retaining the reference 100 to the average for the first quarter of 2010.
The level of the gross domestic product is calculated from the quartely gross domestic product, in value terms at current prices, by value, adjusted for seasonal and working days effects are (MoyPib) published by INSEE. The calculation of the Tertiary activities rent index uses the average of the index over four consecutive quarters, the last quarter being the one for which the Tertiary activities rent index is calculated. This average (mPIB) is expressed by selecting, for each calculation, the reference 100 for the average for the first quarter of 2010.
The three components used in the calculation of the Tertiary activities rent index in the form of weighted as follows
Tertiary activities rent index = 50% mIPCL + 25% mICC + 25% mPib
The tertiary activities rent index is not revised.
Uses
In accordance with Law no. 2011-525 of 17 May 2011 on simplification and improvement in the quality of rights (article 63), law 2014-626 of 18 June 2014 (article 9), which amends section L145-34 of the Commercial Code, two indices can be used for the escalation of commercial rent contracts leases:
- The Commercial rent index for commercial and craft activities;
- The Tertiary activities rent index for commercial activities other than commercial.
Next issue: end of December 2019
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