Progressive recovery for trend of office real estate market, which in first six months of 2016 records a general increase of rents and a slight decrease of average time of vacancy, really highlighted in center of Florence, Milan and Rome, compare to previous semester.
These positive facts, revealed by “Report Mercato Uffici 2016/1” of World Capital, gave to Italy, in particular Milan with a maximum rent of 500 €/sqm/year recorded in Porta Garibaldi, to reach the 17° position of Top 20 Prime Global Locations of office real estate market.
At first position there is West End of London with a maximum rent of 1.600 €/sqm/year, whereas at second we have Hong Kong, where the maximum rent reaches 1.500 €/sqm/year, finally at third position, Rio de Janeiro in Brazil, with a maximum rent of 900 €/sqm/year.
Other cities follow that with their maximum rent: Sydney (870 €/sqm/year), Tokyo (860 €/sqm/year), Zurigo (800 €/sqm/year), Nuova Delhi e Singapore (750 €/sqm/year), Parigi (740 €/sqm/year), Mosca (650 €/sqm/year), Pechino e Shanghai (630 €/sqm/year), Sao Paulo (610 €/sqm/year), Oslo e Stoccolma (560 €/sqm/year), San Francisco (550 €/sqm/year), Milano, Dubai, Mumbai e Vancouver (500 €/sqm/year).
“Italy represents an amazing real estate destination, especially for office sector. – claims Neda Aghabegloo, Responsible Research Department of World Capital – In particular, Milan is growing more and more its vaue and its appeal, thanks to requalification action, which make New CBD of Porta Garibaldi the most appeal prime location in office market.”
