• Record quarter for investments in Q4 2019, with total volume rising  to €1,3 billion at year end for the first time.
  • The interest of investors has strengthened in last mile logistics. The Italian market is opening up to specialized platforms in this sector.
  • The strong demand for urban logistics clashes with the scarcity of product and development opportunities: investors increasingly inclined to look beyond core markets.
  • Prime rents are stable at €56 sqm per year in Milan and Rome. Good secondary locations have also remained stable.
  • Prime yields fell to 5.2%, with further reductions expected in 2020  in the wake of more  big acquisitions by institutional investors.