A new quarterly Report of the Research Department of BNP Paribas Real Estate Italy, headed by Cristiana Zanzottera, is online. It illustrates the trend of the Italian Real Estate market. These research reports provide an in-depth view on real estate topics and trends both from the Capital Markets and from the Leasing side: investment volumes, distribution of interest among different asset classes, investors’ typologies, yield trends, demand and supply characteristics of Office spaces in Milan and Rome. The Research Department publications of BNP Paribas Real Estate Italy are based on a deep knowledge of the local real estate market and represent an insight on Italy and the world provided by the global economic research network of the BNP Paribas Group.
The trend of the commercial real estate in Italy
The positive trend of the commercial real estate in Italy is continuing: in Q3 2017 have been recorded investment volumes for all asset classes equal to around 2 billion of euro, with an increase of 13% on the same quarter of 2016. More in general the sector performance since the beginning of the year shows around 6.8 billion of euro invested in Italy representing a 32% increase on the same period of 2016. Also in Q3 2017 the Office product has been one of the main contributor to total volumes with around 700 million of euro invested (36% of total) on 12 deals (including 4 portfolio) 7 closed in Milan, 1 in Rome and 4 in various Italian locations. Office volumes recorded in Italy since the beginning of the year are equal to around 2.7 billion of euro (increasing by 10% on the first nine months of 2016). Prime net yields are stable at 3.50% for the CBD Duomo in Milan and at 4.20% for the CBD in Rome.