Office real estate is a subsector of non-residential, also known as commercial, real estate. This subsector includes any office building, from skyscrapers located in so-called central business districts (CBD) in the largest cities to suburban office spaces. The n
exceeded 633,000 in 2021, with the majority of them located in the northwest of the country. The region counting the
.
Importance of the office real estate sector
Office real estate is particularly popular with investors, both domestic and foreign, as it generally provides secure and large returns, especially in big cities. Office real estate investments in Italy accounted for a substantial share of all
investments in the commercial real estate sector in the country in 2021. Milan and Rome appear to be the most dynamic markets for office real estate among Italian cities, boasting the
largest number of transactions and attracting the vast majority of
investments in the office real estate sector.
Office space in Italy’s smaller cities
Due to generally higher quality of living and lower costs, however, small cities can be attractive too, both for employers and employees. Verona and Venice, for instance, saw the largest
increase in office real estate transactions among Italian cities in 2020. The price of office spaces is generally higher in larger cities, but that is not the case in Italy. Milan and Rome, in fact, appeared second and third respectively in a ranking of
the most expensive Italian cities for office space. This list was led by Venice, where office units could fetch on average 3,800 euros per square meter in 2021.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
