CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Italy MarketBeat

Anna Strazza • 19/05/2025

Investment

The year opened on a strong note, with investment volumes rising by 44% compared to the same period in 2024. The Industrial & Logistics and Hospitality sectors led the charge, each accounting for 25% of total investment volume; Retail followed closely, capturing a 22% share of overall investments. Foreign capital remained a key driver of market activity, continuing the momentum seen at the end of last year.

Office

A cautious stance in office investments characterized Q1, reflecting a broader shift among generalist investors toward alternative asset classes. Milan dominated the landscape underscoring its continued appeal as Italy’s premier commercial hub. On the leasing side the dominant theme remained quality with many companies relocating to modern, ESG-compliant offices. In Rome the trend of converting office assets into hospitality spaces has become firmly established; demand from the Public sector is increasing.

Logistics

The logistics sector emerged as one of the best-performing asset classes of the quarter, accounting for 25% of the total CRE investment volume. This strong performance was primarily supported by two significant portfolio transactions. Investor demand for logistics-zoned land continues to intensify, particularly for redevelopment into Data Centers, in response to the accelerating expansion of digital infrastructure. The market also recorded positive absorption, with sustained occupier interest in high-quality assets. 

Retail

Shifts in retailer behavior paint an optimistic yet nuanced picture of the Italian retail sector during the first quarter of the year. Trends in rental values reveal increasingly diverse market dynamics across Italy, highlighting regional variances that investors should monitor closely. The strong performance on the Investment side demonstrates the retail sector’s ongoing allure to both domestic and international investors.

Hospitality

Second half of the year investment volumes bounced back and hit around 1 €Bn, nearly twice as much as the same time in the previous year and higher than the first half. The annual volume of about €1.5 bn was almost aligned to past year figure. The sector remains attractive due to its strong performance and prospects for 2024 are still positive. Yields increased in the second half to match the overall higher yield situation and the tight lending conditions. This pattern is expected to continue for lower-quality assets in the short term, while high-quality assets in the luxury sector are likely to stay steady. Outlook confirmed positive.

Current Marketbeats

card office for marketbeat q2
Italy Office Data Q1 2025

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

Italy Marketbeat Office Q1 2025

Retail image MB
Italy Retail Data Q1 2025

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

Italy Marketbeat Retail Q1 2025

Logistics Image MB
Italy Marketbeat Logistics Q1 2025

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

Italy Marketbeat Logistics Q1 2025

Investment imange MB
Italy Investment Data Q1 2025

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

Italy Marketbeat Investment Q1 2025

Hospitality generic card
Italy Hospitality Data H1 2024

Hospitality Marketbeat is a summary of the Italy hospitality sector providing comments on recent trends as well as market data and analysis.

Italy Marketbeat Hospitality H1 2024

RELATED INSIGHTS

Retail Mall
Research

Main Streets Across the World 2024

Milan’s Via Montenapoleone, where rents have risen by nearly a third in the past two years, has overtaken New York’s Upper 5th Avenue to be crowned the world’s most expensive retail destination.
Thomas Casolo • 02/12/2024
Inclusive Cities Barometer
Insights • Sustainability / ESG

Inclusive Cities Barometer

We quantified the social value of our cities. Our bold idea was to map out, track and measure how inclusive our cities are. We introduce the industry’s most comprehensive urban inclusion data set: The Inclusive Cities Barometer.
05/07/2024
energy consumption
Research

Energy Consumption and Efficiency

The ESG team carried out a study on energy consumption in shopping centers. The analysis, which examined 35 Italian shopping centers managed by Cushman & Wakefield from 2019 to 2022, highlighted a reduction in energy consumption, partly due to the occurrence of the pandemic.
Francesca Altamura • 28/05/2024
Retail-Nederland
Research

European Retail Radar

A comprehensive overview of the retail industry across Europe, backed by thorough research conducted on transactions in 13 European countries and 231 cities.
Sally Bruer • 07/11/2023

LOOKING FOR DATA?

Looking for more historic or specific property market data? Get in touch.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS