Porta Nuova is a trophy-tier Milan submarket with average asking rent around €60/sqm/mo · ≈ $72.2 PSF/yr USD.

• Average asking rent: €60/sqm/mo · ≈ $72.2 PSF/yr USD.
• Tier: trophy.
• Citywide Class A rent context: €48/sqm/mo · ≈ $57.8 PSF/yr USD ($58 USD).
• Citywide vacancy: 9.2% — submarket-level availability is typically tighter at trophy tier.

TL;DR

• Average asking rent: €60/sqm/mo · ≈ $72.2 PSF/yr USD.
• Tier: trophy.
• Citywide Class A rent context: €48/sqm/mo · ≈ $57.8 PSF/yr USD ($58 USD).
• Citywide vacancy: 9.2% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Porta Nuova averages around €60/sqm/mo · ≈ $72.2 PSF/yr USD for Class A, against a citywide Class A index of 48. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Milan's principal trophy core. Banking, professional services, consulting, tech, media HQs.

Key facts

Frequently asked questions

What is the average Class A rent in Porta Nuova, Milan?

Around €60/sqm/mo · ≈ $72.2 PSF/yr USD. The citywide Class A index sits at €48/sqm/mo · ≈ $57.8 PSF/yr USD.

Related

• Porta Nuova — submarket overview
• Milan — full city profile
• Milan submarkets — all
• Porta Nuova — Tenants
• Porta Nuova — Transit
• Porta Nuova — Amenity
• Porta Nuova — Buildings

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

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