# Milan office lease norms

> Net leases under the 6+6 standard (six-year minimum with tenant renewal option for another six).

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

## TL;DR
- 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).

## Key facts
- **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%

## FAQ
### What's a typical lease term in Milan?
6 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

### How is rent quoted in Milan?
In EUR/sqft/year. We also publish a USD-normalised view ($58/sqft/yr) for cross-market comparison.

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