{
  "url": "https://classa.info/cities/milan/rents-and-incentives",
  "title": "Milan Class A office rents and incentives",
  "description": "Class A asking rents, concessions, free rent, and tenant improvement allowances in Milan.",
  "oneSentenceAnswer": "Headline Class A rent in Milan is around €48/sqm/mo · ≈ $57.8 PSF/yr USD, with 5 months of typical rent-free on a 6-year term.",
  "tldr": [
    "Headline Class A rent: €48/sqm/mo · ≈ $57.8 PSF/yr USD.",
    "Trophy submarket rents (Porta Nuova) push to roughly €60/sqm/mo · ≈ $72.2 PSF/yr USD.",
    "Typical concessions on a 6-year deal: 5 months free rent.",
    "Vacancy stands at 9.2% — market trend is rising.",
    "Use effective rent (face minus PV of concessions), not headline, to compare deals."
  ],
  "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%",
    "trophyRent": "€60/sqm/mo · ≈ $72.2 PSF/yr USD",
    "primeRent": "€48/sqm/mo · ≈ $57.8 PSF/yr USD"
  },
  "faqs": [
    {
      "question": "What is the average Class A rent in Milan?",
      "answer": "Around €48/sqm/mo · ≈ $57.8 PSF/yr USD across the broader Class A index. Trophy submarkets like Porta Nuova command 20–40% above that."
    },
    {
      "question": "How many months of rent-free are normal in Milan?",
      "answer": "5 months on a 6-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher."
    },
    {
      "question": "Are rents rising or falling in Milan?",
      "answer": "The Milan Class A market is currently rising. Vacancy is 9.2%, which sets the negotiating context."
    }
  ],
  "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/rents-and-incentives), updated 2026-04-15T00:00:00.000Z."
}