Moving into Milan from another Tier 1 market means re-baselining occupancy economics in EUR, re-running headcount density against local norms, and translating lease terminology to local conventions.
Moving into Milan from another Tier 1 market means re-baselining occupancy economics in EUR, re-running headcount density against local norms, and translating lease terminology to local conventions.
Headline Milan rent is 48 EUR/sqft/yr ($52 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.
Net leases under the 6+6 standard (six-year minimum with tenant renewal option for another six). Free rent of 4-9 months and TI of €60-€100/sqm typical. Use the Lease Term Translator to map terminology before reading the LOI.
Engage a tenant-rep broker, local counsel, an MEP/AV designer with Milan project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.
| 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% |
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.