The positive trend in Milan’s office market continued in fourth quarter 2018, with estimated take-up of approximately 390,280 sqm, up compared to the same period of 2017.
In terms of area let, the most active markets for the year 2018 were the Periphery, accounting for 30% of the total, and the Semicentre, at 20%. Stability in prime rents was recorded in the CBD, reaching approximately 570 €/sqm/year.
Moving on to the Capital, the take-up of office space amounted to 185,105 sqm. Rents were essentially stable, with prime rent in the more central zones of the city equal to approximately 420 €/sqm/year. The EUR was the preferred macrozone, accounting for 34% of total take-up.