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.
Take-up in 2017 came in at 370,000 sqm and was up by 21% compared to last year and in line with the record result of 2015.
The year was characterized by a continuing rise in transaction volumes in all quarters and ending with 94,000 sqm in Q4, posting growth of 48% compared to the previous quarter and of 9% on the same period of 2016.
In the fourth quarter prime rents in the CBD reached 550 Euro per sqm pa, up 10% on Q4 2016 and equal to the period 2008-2009.
Development activity has been improving and in December pipeline deals amounted to 400,000 sqm with delivery expected between 2018 and 2020. 70% is of a speculative nature.
Investment volume in Milan totalled 970 million Euro, up by 7% on the same period of last year and by 85% on the previous quarter.
The fourth quarter reported a record absorption figure of 90,482 sqm, which was significantly higher (+54%) than the figure for the previous quarter.
The number of deals increased further in the quarter (44), up from 37 in Q3 and 27 in Q2; for the whole year of 2017 there was a 20% rise in the number of deals (141 versus 117 in 2016).
The absorption for the quarter was driven by a pre-let in the EUR Torrino area of approximately 43,000 sqm, which accounted for 48% of the total absorption of the quarter, by a prime multinational in the energy sector.
The development pipeline was slightly higher with around 165,000 sqm under construction/ refurbishment expected between 2018 and 2019; there were no completions in the quarter.
Investments in the period came to approximately 125 million Euro, confirming the record trend set for the whole year.
Almost 1.8 billion Euro were invested in Q1 2016, a decline of 6.7% on the same quarter of the previous year.
Quarterly volume confirms 36% more than the quarterly average for the past four years.
At approximately 1.3 bn Euro, foreign capital is still the major driver of Italian CRE investment volume in Q1 16.
European investors lead the quarterly foreign capital (51%), with German on the top of the list.
The office sector, with 46% of total quarterly volume, is still the investors’ preferred asset class while retail follows whit 32%, thus improving its market share compared to previous quarters; the mixed use properties sector (mainly non-core investments to be re-positioned) fell at 6% .
The beginning of 2016 has been marked by an increased cautiousness among investors compared to the end of 2015 but the interest in the Italian real estate is confirmed sound.