The office market closed the first half of 2021 with take-up of 190,100 sqm in Milan and 67,600 sqm in Rome.
This result shows an increase if compared to the same period in 2020, year which was sharply impacted by the Covid-19 health emergency.
In terms of area let, the most active markets in Milan were the Periphery, accounting for 26% of the total area, with a transaction involving an entire building of approximately 20,000 sqm recorded in Q2 2021, followed by the Centre, which accounted for 23% of the total thanks to a pre-let deal of around 35,000 sqm.
Prime rents in the CBD are stable at approximately 600 €/sqm/year compared to the prior quarter.
Moving on to the Capital, the Periphery is the preferred macrozone, accounting for 29% of total take-up. Rents are stable compared to the prior quarter, with prime rent in the more central zones of the city at 440 €/sqm/year.