• Absorption almost doubled compared to the previous quarter, but was lower compared to the same period of last year
  • There is great interest for the Bologna area as well as the Milan market
  • Properties of up to 20,000 sqm are preferred
  • Deals for pure letting and BTS were equal in terms of surface area, while by number of transactions the lets accounted for more than 65%.
  • Prime rents in Rome and Milan reached 56 Euro per sqm per year.
  • 3PLs are continuing to drive absorption
  • The contraction of the vacancy rate continues its positive trend, reaching 3.5
  • The compression of yields has continued even in the first quarter of the year, coming in at 5.5%.