{
  "url": "https://classa.info/cities/milan/market-cycle-position",
  "title": "Milan Class A market cycle position",
  "description": "Where Milan's Class A office market sits in the broader cycle right now.",
  "oneSentenceAnswer": "Milan Class A is currently rising with 9.2% headline vacancy — trophy is structurally tighter than the broader market suggests.",
  "tldr": [
    "Headline vacancy: 9.2%; trend rising.",
    "Cycle is bifurcated: trophy is tight; secondary Class A and Class B are loose.",
    "Construction pipeline is largely visible 36–60 months ahead.",
    "Use cycle position to time renewal vs. relocation decisions."
  ],
  "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": "Where is Milan Class A in its cycle?",
      "answer": "Headline trend is rising with 9.2% vacancy. Trophy is structurally tighter than the index suggests."
    }
  ],
  "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/market-cycle-position), updated 2026-04-15T00:00:00.000Z."
}