Insee
Informations Rapides · 24 September 2021 · n° 248
Informations rapidesIn Q2 2021, the tertiary activities rent index rose by 1.86% over a yearTertiary activities rent index - second quarter 2021

In Q2 2021, the tertiary activities rent index stood at 116.46. Over a year, it rose by 1.86%, after –0.57% in the previous quarter.

Informations rapides
No 248
Paru le : Paru le 24/09/2021

In Q2 2021, the tertiary activities rent index stood at 116.46. Over a year, it rose by 1.86%, after –0.57% in the previous quarter.

Tertiary activities rent index

Reference 100 in Q1 2010
Tertiary activities rent index (Reference 100 in Q1 2010) - Source: INSEE
Index Percentage change over a one-year period (Q/Q-4) %
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
Q3 2019 114.85 1.87
Q4 2019 115.43 1.88
Q1 2020 115.53 1.45
Q2 2020 114.33 -0.12
Q3 2020 114.23 -0.54
Q4 2020 114.06 -1.19
Q1 2021 114.87 -0.57
Q2 2021 116.46 1.86
  • Note: series are available on www.insee.fr
  • Source: INSEE

Tertiary activities rent index

Tertiary 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
2019-Q3 1.87
2019-Q4 1.88
2020-Q1 1.45
2020-Q2 -0.12
2020-Q3 -0.54
2020-Q4 -1.19
2021-Q1 -0.57
2021-Q2 1.86

Tertiary activities rent index

  • Source: INSEE

For more information

Article 63 of the Act of 17 May 2011 on simplification and improvement of quality of rights (Act 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 Act no. 2011-525 of 17 May 2011 on simplification and improvement in the quality of rights (article 63), 2014-626 Act 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 trade and craft activities;

- The Tertiary activities rent index for activities other than trade and craft activities.

Next issue: mid-December 2021

Documentation

Methodology (pdf, 132 Ko)

Pour en savoir plus

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