Average price per square meter for office spaces Italy 2021-2022, by city
Retail space more expensive than office space
According to the same report, published by the Italian Revenue Agency (Agenzia delle Entrate), retail spaces are more expensive than office spaces. For example, one square meter for retail use in Venice cost as much as 4,304 euros in 2021, approximately 500 euros more than office spaces. In Milan the gap was also similar to the one in Venice. Retailers there could expect to pay on average approximately 3,490 euros per square meter, around 600 euros more than the price asked for office spaces.
Milan and Rome are prime locations
Due to their population size and their role as the leading economic centers, Milan and Rome are the most well-off cities in the country. Thus, it should not come as a surprise that both cities boast the highest prices in all segments of the real estate market. In 2021, a new dwelling in Milan cost on average 3,844 euros per square meter; one in Rome approximately 3,200 euros per square meter.