# Milan Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/milan
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### 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.

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Citation: Source: Class A Atlas (https://classa.info/cities/milan), updated 2026-04-15T00:00:00.000Z.