Direct real estate investments in the Roman market in 2011 were reduced by about one third compared to 2010. This negative result was formed substantially in the last three months of the year, when the market was essentially stationary. In Q4 2011, just 17,000 m2 of office space were taken-up, carrying on the trend started the previous quarter. Office vacant space in Rome increased, standing now at 598,000 m2, representing 6.2% of the total stock. Average rents in the City Centre and the Eur remained stable thanks to two important deals concerning new grade A buildings.

Report