At a glance investments Q1 2023 Italy
Investment volumes contract sharply to €890 M
Investment volumes contract sharply to €890 M
Rome's take-up growth both Y-o-Y (+69%) and on the 5-year Q1 average +61%. The EUR submarket accounted for the greatest share of take-up (74%) thanks to a large public sector occupier deal closed there
Take-up for Q1 2023 was stable on the 5-year average and down Y-o-Y, despite Q-o-Q growth. The number of transactions was the highest for any first quarter
€8.7 bn invested in nine months: +63% vs Q1-3 2021
Annual investment volumes in Italy reach €11.8 bn despite sharp fall in Q4 2022
Fast pace in H1 in the Office Leasing Market 30,000 SQM let in Q2 (-30% vs. Q2 2021)
Take-up underwent a consolidated recovery in 2022, increasing y-o-y to pre-pandemic levels despite a significant Q4 contraction
Dynamism continues in the Office Leasing Market 133,000 SQM let in Q2 (+9% vs. Q2 2021)
Take-up reached a new record total by end 2022, as did Q4 take-up, both exceeding 5-and 10-yearly averages