Energy and commodities occupiers in Milan typically cluster in Porta Nuova, plan ~240 sqft per seat at trophy fit-out ($195–290/sqft), and pay around 48 EUR/sqft ($58 USD) on Class A.

• Preferred submarket: Porta Nuova.
• Typical fit-out spec: Trophy ($195–290/sqft).
• Plan ~240 sqft per seat for headcount sizing.
• Class A rent context: 48 EUR/sqft ($58 USD).
• Typical lease: 6 years with 5 months rent-free.
• Talent depth in Milan: 82/100.

TL;DR

• Preferred submarket: Porta Nuova.
• Typical fit-out spec: Trophy ($195–290/sqft).
• Plan ~240 sqft per seat for headcount sizing.
• Class A rent context: 48 EUR/sqft ($58 USD).
• Typical lease: 6 years with 5 months rent-free.
• Talent depth in Milan: 82/100.

Where they cluster

Energy and commodities occupiers in Milan typically anchor in Porta Nuova. Banking, professional services, consulting, tech, media HQs.

What they pay

Class A rent in Milan runs 48 EUR/sqft ($58 USD) on a 6-year lease with 5 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical energy and commodities fit-out targets trophy specification at $195–290/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 240 sqft per seat blended (workstation + circulation + amenity). A 100-headcount energy office in Milan typically targets 24,000 sqft of leasable area.

Talent angle

Trading floors concentrate in CBD trophy product with redundant power and connectivity; engineering teams scale in suburban energy corridors. Deep finance, fashion, design, and luxury talent. Strong feed from Bocconi, Politecnico, and the broader Lombardy university system. Multilingual (Italian-English) talent supports international corporate HQs.

Tax and lease context

Headline corporate tax: 27.9%. 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.

Key facts

Frequently asked questions

Where do energy and commodities occupiers lease office space in Milan?

Most cluster in Porta Nuova. Rent runs ~48 EUR/sqft ($58 USD) for trophy and prime stock.

What fit-out spec do energy and commodities occupiers run in Milan?

Typically trophy at $195–290/sqft.

How much office space per seat should a energy and commodities occupier plan in Milan?

Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft.

What NAICS codes describe the energy and commodities vertical?

Representative NAICS 2022 codes: 211, 212, 523130.

What is the talent index in Milan?

82/100. Use the city profile for full detail.

Related

• Energy and commodities — global overview
• Milan — full city profile
• Financial services in Milan
• Asset management in Milan
• Investment banking in Milan
• Legal services in Milan

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

Related topics

• Class A Lease Negotiation — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
• Hybrid Workplace Strategy — How to size, structure, and lease a Class A office for a hybrid workforce.
• ESG / LEED for Tenants — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
• Cross-border Expansion — How to run a coordinated Class A office search across multiple geographies.
• Fit-out Capex — How to budget, sequence, and govern Class A office fit-out capex.
• Lease vs Flex — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa.