Inside a historic building in the heart of Milan, our Italian office is within walking distance of the Duomo and “La Scala” theatre.

The capital of Lombardy and the second largest city in Italy stands out because of its enormous catchment area, which makes the economic area the fourth largest metropolitan area in Europe.

A young and energetic team implements projects of all asset classes, especially in the north of the Italian boot, but works also on international business areas.

Investment Market Italy
2.3bn
Transaction Volume
Q4 2023
32 % Y-o-Y Change
6.5bn
Transaction Volume
2023
-45 % Y-o-Y Change
Office
4.50%
Milan
Q4 2023 Prime Yield
Residential
4.50%
Milan
Q4 2023 Prime Yield
Hotel
5.50%
Milan
Q4 2023 Prime Yield
Retail
4.10%
Milan
Q4 2023 Prime Yield
I&L
5.50%
Milan
Q4 2023 Prime Yield
Transaction Volume By Investor Origin (in m €)
Domestic
Foreign
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Transaction Volume By Property Type
2023
Office
Residential
Hotel
Retail
I&L
Development
Prime Yields (in %)
Office
Residential
Hotel
Retail
I&L
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In-Depth Yield Assessment - Q4 2023
Filter by property type:
Office
Residential
Hotel
Retail
I&L
Milan
Office: Prime Yield
4.50%
Change Y-o-Y: 75 BPS
Change Q-o-Q: 10 BPS
Office: Yield Decentralized Class A
5.60%
Change Y-o-Y: 80 BPS
Change Q-o-Q: 20 BPS
Rome
Office: Prime Yield
4.80%
Change Y-o-Y: 80 BPS
Change Q-o-Q: 10 BPS
Office: Yield Decentralized Class A
6.75%
Change Y-o-Y: 75 BPS
Change Q-o-Q: 15 BPS
Milan
Residential: Prime Yield
4.50%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 30 BPS
Student Housing: Prime Yield
5.25%
Change Y-o-Y: 55 BPS
Change Q-o-Q: 25 BPS
Tier 2 city
Student Housing: Prime Yield
5.90%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 20 BPS
Milan
Hotel Management Contract: Prime Yield
7.00%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 25 BPS
Hotel Lease Contract: Prime Yield
5.50%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 25 BPS
Rome
Hotel Management Contract: Prime Yield
7.40%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 15 BPS
Hotel Lease Contract: Prime Yield
5.90%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 15 BPS
Milan
High Street Retail: Prime Yield
4.10%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 10 BPS
Retail Park: Prime Yield
7.25%
Change Y-o-Y: 35 BPS
Change Q-o-Q: 25 BPS
Rome
High Street Retail: Prime Yield
4.25%
Change Y-o-Y: 65 BPS
Change Q-o-Q: 15 BPS
Retail Park: Prime Yield
7.40%
Change Y-o-Y: 30 BPS
Change Q-o-Q: 20 BPS
Venice
High Street Retail: Prime Yield
5.00%
Change Y-o-Y: 40 BPS
Change Q-o-Q: 20 BPS
Florence
High Street Retail: Prime Yield
5.00%
Change Y-o-Y: 70 BPS
Change Q-o-Q: 20 BPS
Italy
Shopping Centre: Prime Yield
6.90%
Change Y-o-Y: 40 BPS
Change Q-o-Q: 15 BPS
Shopping Centre: Yield Class B
9.25%
Change Y-o-Y: 65 BPS
Change Q-o-Q: 25 BPS
Supermarket: Prime Yield
5.90%
Change Y-o-Y: 40 BPS
Change Q-o-Q: 15 BPS
Milan
Logistics: Prime Yield
5.50%
Change Y-o-Y: 70 BPS
Change Q-o-Q: 25 BPS
Rome
Logistics: Prime Yield
5.60%
Change Y-o-Y: 70 BPS
Change Q-o-Q: 30 BPS
Bologna
Logistics: Prime Yield
5.60%
Change Y-o-Y: 70 BPS
Change Q-o-Q: 30 BPS
Veneto
Logistics: Prime Yield
5.75%
Change Y-o-Y: 75 BPS
Change Q-o-Q: 35 BPS
Turin
Logistics: Prime Yield
6.00%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 20 BPS

Market Analysis

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Italy | Milan

Arnold Investments S.r.l.
Corso Giacomo Matteotti 1
20121 Milan
Phone +39 02 30 32 975-0
it@arnold.investments Get in touch
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