For institutional fund strategies, EUR carries the strongest investor flag in Rome, with prime yields around 4.8%.

  • Trophy submarket (EUR) carries the strongest investor flag.
  • Prime yield: 4.8%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Rome office fund strategy and flag

For institutional fund strategies, EUR carries the strongest investor flag in Rome, with prime yields around 4.8%.

TL;DR

  • Trophy submarket (EUR) carries the strongest investor flag.
  • Prime yield: 4.8%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Where core funds buy

Core capital concentrates in trophy stock with long-WAULT income. In Rome, that's EUR and assets like Eni HQ Roma (Palazzo San Donato), Palazzo dell'INPS / Palazzo Civiltà del Lavoro.

Where value-add looks

Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.

Key facts

cityRome
countryItaly
regionEMEA
classARentLocal360 EUR/sqft/yr
classARentUsd$392/sqft/yr
vacancy8.6%
typicalLeaseYears6
typicalRentFreeMonths8
submarkets5
primeYieldPct4.8%
primeYield4.8%
trophyAnchorEUR

Frequently asked questions

Where do core funds buy in Rome?
Trophy submarket — EUR — and the most defensible long-WAULT assets within it.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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