{
  "url": "https://classa.info/cities/milan",
  "title": "Milan Class A Office Market",
  "description": "Italy's financial capital and Continental Europe's fashion HQ market.",
  "oneSentenceAnswer": "Milan Class A office rents around €48/sqm/mo · ≈ $57.8 PSF/yr USD, with 9.2% vacancy and 5 months of typical rent-free on a 6-year term.",
  "tldr": [
    "Porta Nuova trophy product (Diamantone, UniCredit Tower) trades at €58-€68/sqm/month.",
    "Fashion HQs (LVMH, Kering, Armani) anchor Quadrilatero Romano demand.",
    "CityLife is the second principal trophy cluster — Generali, PwC, Allianz towers.",
    "Demand from international corporates (banking, consulting, law) continues to drive rental growth."
  ],
  "keyFacts": {
    "city": "Milan",
    "country": "Italy",
    "region": "EMEA",
    "classARentLocal": "€48/sqm/mo · ≈ $57.8 PSF/yr USD",
    "classARentUsd": "$57.79317905220228/sqft/yr",
    "vacancyPct": "9.2%",
    "typicalLeaseYears": 6,
    "typicalRentFreeMonths": 5,
    "submarkets": 5,
    "corporateTaxPct": "27.9%",
    "talentIndex": 82
  },
  "faqs": [
    {
      "question": "What is the 6+6 lease structure?",
      "answer": "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."
    },
    {
      "question": "How significant is Porta Nuova vs. CityLife?",
      "answer": "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."
    },
    {
      "question": "What is the rental growth outlook?",
      "answer": "Continued rental growth on trophy stock is the working assumption — demand from international corporates continues to outpace delivery."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/milan), updated 2026-04-15T00:00:00.000Z."
}