Prime rent of office real estate in Milan, Italy 2013-2023
The annual prime rent for office real estate in Milan, Italy, has increased year-on-year from 2013 to 2023. Rents increased by 90 euros since 2020, reaching a value of 690 euros per square meter per year in 2023. That was the highest rate recorded during the observation period. Among different European markets, Milan had some of the highest office rents despite a relatively high office vacancy rate.