Italy Retail Market Dynamics, Q3 2024
Summary and analysis of Italy's current retail real estate market conditions.
- Francesca Fantuzzi
In the first three quarters of 2024, the retail sector in Italy had an investment volume of approximately €1.65 billion, making it the second-largest sector in terms of capital market volumes.
Notably, around 65% of this total volume was attributed to a single transaction involving a mixed-use office and high-street asset in Milan's Fashion District. Despite this, transactions valued at less than €25 million continued to dominate the sector.
The retail leasing markets in key cities and prominent retail destinations remained robust during this period. In Q1-Q3 2024, both Milan and Rome city centers reaffirmed their status as "the places to be" for international newcomers seeking the ideal location for their Italian flagship stores.
