Italy Retail Market Dynamics, Q4 2025

Retail emerged as the leading sector in Italy's real estate investment market in 2025, capturing approximately 25% of total transaction volume with €3.1 billion invested(+20% YoY), reaching unprecedented levels.

The year was marked by significant transactions, including the acquisition of one of Italy's most important prime shopping centers and two factory outlet portfolios, which alone accounted for approximately 40% of the total annual volume.

Italy's leasing market maintains its appeal with brand expansion initiatives and innovative retail concepts that enhance the diversity of the country's retail landscape.