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Home >  SCENARI IMMOBILIARI IN COLLABORATION WITH SVICOM – 2024 REPORT ON THE COMMERCIAL REAL ESTATE MARKET

SCENARI IMMOBILIARI IN COLLABORATION WITH SVICOM – 2024 REPORT ON THE COMMERCIAL REAL ESTATE MARKET

There is always a greater interest in high street and tourist cities in Italy, according to the 2024 report on the commercial real estate market, presented at the conference “In the middle land – Shops and shopping centers: the Scenari Immobiliari, independent institute of studies, research, assessment and information systems, in collaboration with Svicom, leading Real Estate consultancy and integrated real estate services.

With total investments of 800 million euros in 2023, Italy shows a resilient and interesting commercial real estate sector, especially for “secondary” cities that do not have intense and seasonal tourist flows. The report also highlighted the need to take action on the restructuring and modernisation of urban commercial spaces, to encourage greater hybridisation between economic activities and services and authenticity, with an increasing importance of leisure facilities and cultural activities.

There has also been a reversal of the trend from 2020 – 2021, with growth expected in 2024 for large retail areas and neighbourhood businesses. The commercial real estate market recorded in 2023 about 6.1 billion euros in turnover, showing an increase in turnover for large commercial areas, accounting for 80% of the total, compared to the previous 70%. The most positive changes occurred in the south and the islands, followed by the north, which accounts for about half of the total transactions.

Moreover, investors’ interest in high streets and luxury streets remains constant, especially in Milan and Rome, thanks to the post-pandemic return of international tourist flows.

 

Source: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.scenari-immobiliari.it/wp-content/uploads/2024/03/ScenariImmobiliari_cs_Rapporto_Commercio_07.03.24_.pdf