In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents and secondary rents in Milan were, respectively, EUR490 and EUR300 per square metre per year. Year-on-year growth in prime rentals has fallen from 2% to 0% since 1Q15. Looking forward, Savills anticipates that take-up of office space will remain unchanged. Supply of new space is expected and prime rents are also expected to remain stable. In its report, Savills highlighted a rise in the vacancy rate to an all-time high of 13%.

Source : Savills/December 2015/Milan/OFF