The CBRE Advisory & Transaction Services Office team in Italy support clients on occupancy needs related to relocation, expansion, consolidation, sublease, acquisition and disposal.
We provide end-to-end services, including:
Occupier Strategy Development
Strategy development, including "Lease or Own"
Workplace strategy, including new Ways of Working
Labour analytics, including demographic studies
Portfolio optimisation through real estate benchmarking
Relocation Advice / “Stay vs. Go” Analysis
Tenant representation and transaction execution
Comparative financial analysis
Exit strategy, including surrenders and subletting
We fully understand our clients’ requirements before formulating a property strategy to ensure objectives and goals are exceeded, on the best possible terms available in the market.
Market insight and access to opportunities: local knowledge to drive rigorous assessment of all options and evaluation of risks
Clear analysis: key information shown in a concise, consistent manner for benchmarking against clinet’s criteria, reviewing all terms of the deal to ensure the best financial outcome for the client
Robust negotiation: advising and delivering a negotiation plan that ensures the best possible returns for the client
Adding value: we advice our clients on all aspects of the transaction, including operational costs, best lease practice and estimated fitting out costs.
The CBRE Advisory & Transaction Services Office department provides its clients with a wide range of commercial real estate services, such as landlord representation, brokerage, research and marketing of office space. The Agency team assist clients in achieving the best possible returns thank to its significant experience in the commercial real estate sector, which has always been at the heart of the CBRE business.
Services for Landlords
Strategic advice on new office development scheme
Office building re-development
Detailed market research and product positioning
Creating a branding strategy
Occupier targeting locally, regionally or globally leveraging CBRE global platform and Best Practice
CBRE Italy joined REABS (RICS Real Estate Agency & Brokerage Standards), the new RICS international standard for real estate brokers and real estate agents that provides guidelines for the management of their business. Ethics, protection and competence are the key values of the new standard.
Consumers’ confidence continued to be positive in the first quarter of 2018, outlook is positive as well.
Consistent pipeline with over 300,000 sqm expected to open in 2018.
Rents for prime units in shopping malls are rising both in Milan and Rome, to 940 Euro sqm per year and 960 Euro sqm per year respectively: this confirms the growing polarization between prime and non-prime malls.
Rents are continuing to rise in the high street sector, with Milan reaching 7,000 Euro sqm per year and Rome 6,800 Euro sqm per year.
Investment demand for malls is contracting, especially as an irrational response to a widespread fear for dead malls originated in the United States.
The investment volume in the first quarter was up of 35% compared to the same period of last year.
In Q1 2018 take-up was approximately 82,000 sqm, net absorption was positive.
Protagonists of the quarter were the large deals (>10,000 sqm concentrated in the peripheral areas and the hinterland.
The most important negotiations concluded during the quarter involved a colossus in the automotive sector who leased new office space (10,000 mq), a foreign entity operating in the education sector which has occupied around 12,500 sqm and a logistics operator that leased 13,000 sqm.
The vacancy rate was down, coming in at 11.4%, confirming the trend of the previous quarter.
The prime rent of the CBD was also higher reaching 560 Euro/sqm/year. The prime rent in the Centre was also up at 400 Euro/sqm/year;
The pipeline for the next two years remains buoyant, with around 271,000 sqm with completion scheduled by the end of 2020.
The volume of investment in the office sector contracted compared to Q1 2017; it excludes investments involving buildings with mixed use which in the quarter attracted around 200 million euro.
L’assorbimento trimestrale si contrae di circa il 50% sia rispetto al trimestre precedente che rispetto allo stesso periodo dello scorso anno.
La dimensione preferita dagli operatori è inferiore ai 5.000 mq, prevalentemente per esigenze di copertura dell’ultimo miglio.
Il letting di immobili esistenti guida l’assorbimento del trimestre, con il 70% del take-up.
Canoni prime stabili a 55 Euro mq anno sia a Milano che a Roma.
I 3PL si confermano essere gli utilizzatori principali, seguiti dagli operatori di e-commerce.
Prosegue il trend positivo di contrazione dello sfitto, con il vacancy rate che sfora la soglia del 4%.
Prosegue la compressione dei rendimenti anche nel primo trimestre dell’anno, intorno al 5,6%.
L’area più dinamica si conferma Milano: il 73% del take-up risulta compreso nelle aree core e greater di Milano.
Con poco più di 300 milioni di Euro investiti, il settore della logistica mostra nel primo trimestre una crescita del 75% rispetto allo stesso periodo dello scorso anno. L’e-commerce inizia a guidare anche gli investimenti.