Summary and analysis of Italy's current office capital markets conditions.
Insight
Italy Office Capital Market Dynamics, Q2 2025
Investments in the office sector reached around € 1.4 billion in the first half of 2025, confirming its leading role with a 43% year-onyear increase. Q2 contributed approximately € 700 million to the total.
In H1 2025, Milan attracted approximately € 800 million in office investment, while Rome recorded around € 400 million.
In terms of risk profile, core capital dominated investments, accounting for around half of the total volume. The importance of valueadded deals is growing, representing over 30% of the total volume in the first half of 2025.