Summary and analysis of Italy's current office capital markets conditions.
Insight
13 February 2026
Italy Office Capital Markets Market Dynamics, Q4 2025
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In 2025, the office sector consolidated his performance with €2.8 billion invested (+5% YoY), representing the second asset class in terms of volume in Italian market.
Milan dominated the office investment market with approximately €1.5 billion invested, representing more than half of the sector's total volume, while Rome recorded around €800 million of investment.
In terms of risk profile, value-add strategies dominated the market among institutional investors, while private buyers maintained selective interest in high-quality core products in prime CBD locations.