Despite a slowdown in take-up in Q1 2026 in sqm terms, Milan’s office market saw an increase in the number of transactions reflecting an active occupier market as prime rents continue to edge upwards.

The occupier market in Rome experienced some positive signs of growth in Q1 2026, with an increase in take-up of +11% on a yearly basis.

Italy’s institutional investment market begun the year on a solid footing, reaching €2.99 bn, up +14% y/y confirming its resilience. Retail followed by Alternatives including Living contributed with the best performance of the quarter.