In 2023, Venice was the most expensive city to buy office space in Italy: the average price was 3,791 euros per square meter. According to the ranking, the second most expensive city was Milan, followed by Rome, and Bologna. Overall, cities in southern Italy offered lower prices: office space in Catania, for example, cost on average 1,330 euros per square meter.
Retail space more expensive than office space
According to the same report, published by the Italian Revenue Agency (Agenzia delle Entrate), retail spaces are more expensive than office spaces. For example, one square meter for retail use in Venice cost as much as 4,301 euros in 2023, approximately 500 euros more than office spaces. In Milan the gap was also similar to the one in Venice. Retailers there could expect to pay on average approximately 4,070 euros per square meter, around 600 euros more than the price asked for office spaces.
Milan and Rome are prime locations
Due to their population size and their role as the leading economic centers, Milan and Rome are the most well-off cities in the country. Thus, it should not come as a surprise that both cities boast the highest prices in all segments of the real estate market. In 2022, a new dwelling in Milan cost on average 4,122 euros per square meter; one in Rome approximately 3,330 euros per square meter.
Average price per square meter for office spaces in the largest Italian cities from 2022 to 2023
(per square meter in euros)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Agenzia delle Entrate. (May 29, 2024). Average price per square meter for office spaces in the largest Italian cities from 2022 to 2023 (per square meter in euros) [Graph]. In Statista. Retrieved October 15, 2024, from https://www.statista.com/statistics/789076/average-price-per-square-meter-for-office-buildings-in-the-largest-italian-cities/
Agenzia delle Entrate. "Average price per square meter for office spaces in the largest Italian cities from 2022 to 2023 (per square meter in euros)." Chart. May 29, 2024. Statista. Accessed October 15, 2024. https://www.statista.com/statistics/789076/average-price-per-square-meter-for-office-buildings-in-the-largest-italian-cities/
Agenzia delle Entrate. (2024). Average price per square meter for office spaces in the largest Italian cities from 2022 to 2023 (per square meter in euros). Statista. Statista Inc.. Accessed: October 15, 2024. https://www.statista.com/statistics/789076/average-price-per-square-meter-for-office-buildings-in-the-largest-italian-cities/
Agenzia delle Entrate. "Average Price per Square Meter for Office Spaces in The Largest Italian Cities from 2022 to 2023 (per Square Meter in Euros)." Statista, Statista Inc., 29 May 2024, https://www.statista.com/statistics/789076/average-price-per-square-meter-for-office-buildings-in-the-largest-italian-cities/
Agenzia delle Entrate, Average price per square meter for office spaces in the largest Italian cities from 2022 to 2023 (per square meter in euros) Statista, https://www.statista.com/statistics/789076/average-price-per-square-meter-for-office-buildings-in-the-largest-italian-cities/ (last visited October 15, 2024)
Average price per square meter for office spaces in the largest Italian cities from 2022 to 2023 (per square meter in euros) [Graph], Agenzia delle Entrate, May 29, 2024. [Online]. Available: https://www.statista.com/statistics/789076/average-price-per-square-meter-for-office-buildings-in-the-largest-italian-cities/