Forecasted change in prime office prices in Milan 2020 - 2025
How is the office real estate market in Milan going to change over the next five years? This question is even more pressing in light of the economic impact that measures taken to prevent the spread of COVID-19 is going to have on Italy. According to a study conducted in April 2020, prices for prime offices in Milan are expected to decrease in 2020 and 2021, respectively by 0.5 and 1.9 percent. Starting from 2022, however, the study predicted a new increase in price of around two percent. This positive trend was supposed to continue, until reaching a peak of 5.6 percent price increase in 2025.
