The positive trend in Milan’s office market continued in 2019, with estimated take-up of approximately 487.700 sqm, up compared to the same period of 2018.
In terms of area let, the most active markets during 2019 were the Periphery, with 26% of the total area, and the Hinterland, with 24%. There was a slight increase in prime rents in the CBD, to around 580 €/sqm/year compared to the same period of 2018 and remained stable compared to the previous quarter.
Moving on to the Capital, the take-up of office space amounted to approximately 271.500 sqm. Rents showed a slight increase, with prime rent in the more central zones of the city amounting to 450€/sqm/year. The EUR is the preferred macro-zone, accounting for 36% of total take-up.