Summary and analysis of Italy's current retail real estate market conditions.
The Italian retail market attracted approximately €1.1 billion in investments during H1 2025, highlighting an upward trajectory and growing investor confidence.
Notably, the solid result achieved stems from three significant transactions above 100 million euros, accounting for 60% of total investor activity. Despite this, transactions valued at less than €25 million continued to dominate the sector.
The retail leasing markets has maintained a solid momentum, confirming Milan and Rome as prime markets. With regard to expansion strategies, companies are implementing more prudent approaches characterized by enhanced strategic selectivity.