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Italy MarketBeat

Raffaella Pinto • 27/07/2021

Office

The first half of the year was positive in the occupier market, with leasing activity slightly increasing in both Milan and Rome on figures reported for the same period of last year. Quality, location and work/life balance continue to be the main drivers of demand in both markets. A more dynamic half of the year with stronger takeup figures is expected, as occupiers who were looking for large spaces and had previously put their searches on hold, are now back on the market.


Retail

The implementation of vaccinations has led to an easing of restrictions, allowing retailers to a partial but encouraging return to normality, albeit with a cautious approach, such as reducing customers numbers and ensuring social distancing. Q2 substantially was a standby quarter, since both Landlords and Tenants are wating to understand how retail will respond to the partial return to normality; even if first data of footfall and sales are promising, operators are waiting for these trends to consolidate before taking any concrete action.


Industrial

During the first half of 2021 the logistics market recorded a good performance. The acceleration of online sales caused by the pandemic, has given a boost to the e-commerce and favoured all the logistics world behind it. Two key challenges will need to be overcome: (i) fast and efficient last mile delivery; and (ii) managing the increasing amounts of product returns. The strength of demand in the Logistics sector has attracted an increasing number of investors, which are being more flexible evaluating all types of product. Get the full Italy property market picture with all the market data by downloading the reports.

Current Marketbeats

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Italy Milan Office Data Q2 2021

Office Marketbeat is a summary of the Italy office property sector providing comment on recent trends as well as market data and analysis.

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Italy Retail Data Q2 2021

Retail Marketbeat is a summary of the Italy retail property sector providing comment on recent trends as well as market data and analysis.

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Italy Industrial Data Q2 2021

Industrial Marketbeat is a summary of the Italy industrial property sector providing comment on recent trends as well as market data and analysis.

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Italy Investment Data Q2 2021

Investment Marketbeat is a summary of the Italy real estate investment market providing comment on recent trends as well as market data and analysis.

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