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Milan’s real estate market demonstrated remarkable resilience in 2024, emerging as the undisputed protagonist in the Italian investment landscape. The city’s office sector attracted 45% of national investments, confirming Milan’s position as Italy’s primary hub for corporate investments.
The city recorded an absorption of office space of approximately 400,000 square meters, with a distinct preference for grade A/A+ properties, which represented over 75% of transactions. Despite a slight decrease compared to 2023, the market showed significant dynamism, especially in the last quarter, which marked a historic record for the number of completed transactions.
Particularly noteworthy was the increase in prime rents in the Milan market, reaching €775/sq m/year, with prospects for further growth in the coming quarters. This trend reflects Milan’s growing attractiveness to international investors and the constant demand for quality spaces.
In the residential sector, Milan continues to distinguish itself in the Italian landscape, with strong demand concentrated on small units, which represent over 65% of total transactions. The share of new constructions, at 10.6%, remains significantly higher than the national average.