Italian Retail Snapshot | Q2 2023

The Italian Retail Market Performance in H1 2023

11 settembre 2023
  • Francesca Fantuzzi
Key takeaways:
  • Latest market projections for Italian economy indicate an average GDP growth of +0.8% in 2023
    In Q2 2023 the Italian economy posted a GDP decrease of -0.4% QoQ while increased by 0.4% YoY. Looking ahead, latest market projections indicate an average GDP growth of +0.8% in 2023. The impact of high inflation and interest rates persists, but there are a few signals of improvement.

  • Retail warehousing remains appealing to investors
    From the capital markets perspective, the retail sector is still in recovering mode since the covid-19 pandemic lows and currently it’s still affected by the decrease of the purchasing power due to the inflation spike and high interest rates. Global geopolitical uncertainty continues to weigh on investment activity, with investors looking for assets with strong fundamentals and good defensive qualities but with high return.

  • Retail leasing market shows some degree of resilience
    Pockets of rental growth have emerged in high street areas that are typically targeted by mainstream retailers, including cities in southern Europe that benefit from a recovery in tourism, such as Rome and Milan.

Conditions in the European retail investment market remain challenging: while a broad range of retail assets across the region are currently on the market and as additional stock is anticipated to enter the market in the coming months, prospective buyers remain selective. Many transaction processes are protracted due to financing challenges or a mismatch in pricing expectations from both vendors and buyers.  

The Italian retail sector is still recovering from the post-pandemic lows. In H1 2023 investment flows amounted approximately to €200 Mn (-47% YoY) of these, more than 90% were out-of-town transactions.

Compila questo modulo per scaricare il report

Si è verificato un errore nell'invio del modulo. 


Informativa sulla privacy

Jones Lang LaSalle (JLL), unitamente alle sue controllate e affiliate, è un’azienda leader a livello mondiale nel settore dei servizi professionali e, in particolare, nel settore immobiliare e nella gestione degli investimenti.

JLL si impegna a trattare i tuoi dati personali in modo da tutelarne la riservatezza con un adeguato livello di sicurezza e a conservare gli stessi per tutto il tempo richiesto da ragioni legali o commerciali.

In qualsiasi momento, potrai richiedere la cancellazione dei tuoi dati. Per ulteriori informazioni sulla modalità con cui JLL elabora e tratta i tuoi dati personali, ti preghiamo di consultare la nostra informativa sulla privacy.