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The offices market in Milan looks promising

Posted: 24 August 2016

With the Italian economy returning to growth in 2015 and expected to strengthen further in 2016, Knight Frank said the outlook for the real estate markets looks promising.

Office take-up is set to increase as positive occupier demand in Milan grows, and could reach as high as 240,000 sqm by the end of the year.

This may encourage some rental growth towards the middle of 2016, not only in prime locations but also in the periphery. In fact, prime office rents may exceed the previous peak of €525 per sq m per annum, last seen in 2011, to reach a new high.