Q4 2011 was characterised by very scarce investment activity in the Milan real estate market. Average deal size decreased substantially and prime yields, even though they are still lower than Italian government 10 years bonds, have increased. The occupier market in Milan recorded a strong Q4 with 89,000 m2 of offices taken-up, bringing the annual volume to 339,000 m2. The share of new offices delivered in 2011 not yet letted increased and this should, unfortunately, continue in 2012. This will have a downward pressure on rental values.
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Thursday, 23 May 2013 15:29 |
REGISTRY
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BNP Paribas: City news Milan - January 201222/02/2012, 14:13 | Milano | Bnp Paribas Real Estate Italia
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Last 10 Insertions
> Retail High Street stable rentsWorld Capital: Milan, Via Monte Napoleone on top of the list - 07/05/2013, 10:31 | Italy | World Capital Real Estate
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> Italy Commercial Real Estate ReportInvestment Transactions 2012 - 05/02/2013, 17:01 | Italy | Zaffaroni Luca
> Knight Frank: Italy InsightResidential Research - 20/12/2012, 14:35 | Italy | Knight Frank
> Italy 3Q retail investment slows to €200m on economy woes28/11/2012, 11:08 | Italy | CBRE
> Real Estate Funds in Italy and abroadIn line with the rest of Europe, the sector has held up in 2012 - 28/11/2012, 09:12 | Italy | Scenari Immobiliari
> DTZ Property Times: Milan and Rome officesQ3 2012 - 13/11/2012, 14:06 | Milan, Rome
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