Italy Retail Market Dynamics, Q1 2026

Retail continued to demonstrate its strength in the Italian real estate market with approximately €1 billion invested in Q1 2026, accounting for roughly 30% of Italy's total real estate market activity.

International capital dominated investment activity, accounting for 77% of total volumes. Transactions exceeding €50 million comprised 35% of the quarterly deal count, underscoring a sustained appetite for large-scale retail assets.

The leasing market remained robust, with Milan establishing itself as Italy's most dynamic retail destination and Rome demonstrating resilience driven by consistent tourist flows.