{
  "url": "https://classa.info/cities/milan/leasing-conventions",
  "title": "Milan office lease norms",
  "description": "Lease structure, term length, concessions, and the unwritten rules of leasing Class A office in Milan.",
  "oneSentenceAnswer": "Net leases under the 6+6 standard (six-year minimum with tenant renewal option for another six).",
  "tldr": [
    "Typical lease length: 6 years.",
    "Typical rent-free: 5 months.",
    "Vacancy: 9.2%; trend rising.",
    "Net leases under the 6+6 standard (six-year minimum with tenant renewal option for another six)."
  ],
  "keyFacts": {
    "city": "Milan",
    "country": "Italy",
    "region": "EMEA",
    "classARentLocal": "€48/sqm/mo · ≈ $57.8 PSF/yr USD",
    "classARentUsd": "$58/sqft/yr",
    "vacancy": "9.2%",
    "typicalLeaseYears": 6,
    "typicalRentFreeMonths": 5,
    "submarkets": 5,
    "primeYieldPct": "4.6%"
  },
  "faqs": [
    {
      "question": "What's a typical lease term in Milan?",
      "answer": "6 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants."
    },
    {
      "question": "How is rent quoted in Milan?",
      "answer": "In EUR/sqft/year. We also publish a USD-normalised view ($58/sqft/yr) for cross-market comparison."
    }
  ],
  "pageType": "city-topic",
  "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/leasing-conventions), updated 2026-04-15T00:00:00.000Z."
}