Summary and analysis of Rome's current office real estate market conditions.
Insight
12 February 2025
Rome Office Market Dynamics, Q4 2024
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In 2024, Rome's office market recorded a take-up of 167,000 sq.m., with 41,000 sq.m. transacted in Q4. While this represents a decrease from 2023, it's worth noting that the previous year included two exceptional transactions in EUR and the city centre, thus inflating the figures.
Nearly 50% of take-up in 2024 was in the city centre and CBD, while around 30% was in Grade A buildings. In Q4, the vacancy rate in Rome decreased slightly to 6.5%, while prime rents increased to € 550 sq. m. per annum in the CBD.
On the investment front, Rome’s office market saw substantial growth, attracting over EUR 0.9 billion in 2024, accounting for approximately 38% of the total office investment volume in Italy for the year.