Italy Industrial Market Dynamics, Q1 2026

Logistics take-up reached 860,000 sq.m in Q1 2026, representing a 78% year-over-year increase. This result was significantly driven by the expansion strategies of 3PL operators consolidating their presence in the Italian market.

From a capital markets perspective, the sector attracted approximately €430 million of investment in Q1 2026, accounting for 12% of total real estate investment volume. This activity confirmed the sector's central role for investors despite a year-over-year reduced volume, driven by a prevalence of smaller-sized deals.

Market fundamentals remain solid with prime yields stable at 5.3% and prime rents at 70 euro/sq.m/annum.