Italy Retail Market Dynamics, Q2 2024

In H1 2004, Italy retail reached more than € 480m of investments, confirming signs of a recovery that had already started at the end of 2023. Investors predominantly showed an out-of-town focus, with a strong interest in the supermarket segment.

Prime net yields increased to 4.25 % for high street and 6.50 % for shopping centres, while double-digit returns on the secondary segment of shopping centres remained.

Retail leasing markets across the main cities and dominant retail destinations remained strong in Q2 2024. In H1 2024, Milan city centre confirmed its role as “the Place to Be” for international new-comers by opening of their 1st Italian Flagship Store.