• With over 2 million sqm absorbed in 2017, growth was 46% higher than the record for 2016.
  • Availability decreased further in the quarter and the vacancy rate declined to 4% at national level.
  • Prime rents for Milan have been rising and have thus reached the Rome level of 55 Euro per sqm per year.
  • E-commerce operators dominated the absorption in the quarter with around 50% of the take-up.
  • Yields continued to contract, standing now at 5.75%.