Italy Office Capital Markets Market Dynamics, Q2 2026

The office sector accounted for approximately 15% of total investment volumes in the first half of 2026, reaching €1.2 billion, with Q2 contributing €480 million.

Milan and Rome dominated the Italian office market in H1 2026, capturing around 90% of national investment volumes at €600 million and €400 million respectively.

The market was predominantly fueled by domestic capital, which represented approximately 70% of total investment activity.