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Rome Office Market Dynamics, Q2 2024
Summary and analysis of Rome's current office real estate market conditions.
05 agosto 2024
Contributors:
- Francesca Fantuzzi
- Stefania Campagna
- Alberico Radice Fossati
- Ole Sommer
In H1 2004, 68,000 sq.m. of office leases were signed in Rome, a significant reduction to the same period in 2023 which was impacted by two exceptional city center transactions, not only square meters but in Eur as well.
Over 40% of H1 2024 take-up took place in the Centre and CBD, confirming central location as a main target for occupiers. A quarter of transactions were in the higher rental band of above 400 €/sqm/pa.
From the Capital Markets side, Rome saw significant growth, reaching €500 million in the first half of the year, confirming the increasing interest of investors in the Italian capital.