Quick reference: Milan Class A rent is 48 EUR/sqft ($52 USD), typical term 6 years, 5 months free.
Class A rent: 48 EUR/sqft/yr ($52 USD).
Typical term: 6 years.
Typical rent-free: 5 months.
Vacancy: 9.2%.
Milan Class A office: frequently asked questions
Quick reference: Milan Class A rent is 48 EUR/sqft ($52 USD), typical term 6 years, 5 months free.
TL;DR
Class A rent: 48 EUR/sqft/yr ($52 USD).
Typical term: 6 years.
Typical rent-free: 5 months.
Vacancy: 9.2%.
Quick reference
Use this page as the fast-answer reference for Milan. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Milan
country
Italy
region
EMEA
classARentLocal
48 EUR/sqft/yr
classARentUsd
$52/sqft/yr
vacancy
9.2%
typicalLeaseYears
6
typicalRentFreeMonths
5
submarkets
5
primeYieldPct
4.6%
Frequently asked questions
What is the 6+6 lease structure?
Italian commercial leases follow a statutory 6-year minimum with a tenant option to renew for another 6 years. Tenants can break with 12 months' notice at any point during the second 6-year term.
How significant is Porta Nuova vs. CityLife?
Porta Nuova has the deeper trophy stock and stronger transit; CityLife has more modern amenitization and larger floor plates. Both are trophy-tier markets at broadly comparable rents.
What is the rental growth outlook?
Continued rental growth on trophy stock is the working assumption — demand from international corporates continues to outpace delivery.