Renewed interest in the Retail asset class was reflected in the €480 mn H1 investment volume.

Milan’s occupier market is active as the number of transactions grows, despite a contraction in total area, reflecting the ongoing evolution of office occupier requirements.

The absence of larger floor plates in Q2 take-up lead to limited totals, although occupier demand remains good and the number of transactions was broadly stable.

Investment volumes grow 43% Y-o-Y in the year’s first semester, growing to €3.34 bn.

In Q1 2024 Milan take-up contracted, reflecting the pressure that economic concerns are placing on occupiers and their real estate plans. However, the market is still dynamic and annual take-up exceeded both the 10- and 5-yearly averages.

Roma take-up declined by -64% Y-o-Y in the first quarter of 2024 as the market lacked the larger transactions which, frequently involving public sector occupiers, often make a significant contribution to take-up totals.

Investment volume grow to 1.9€BN by end Q1 2024