Prime yield for office real estate in Milan, Italy 2013-2023
The net office prime yield in Milan, Italy, increased for the second year in a row in 2023. In the fourth quarter of 2023, the office yield in Milan reached 4.25 percent, up from 3.1 percent in 2021, when yields were the lowest. The net prime yield refers to the ratio of net income to purchase price of a property of highest specification, the best location, and standard size commensurate with local demand. Across the major European markets, the lowest yields were found in Geneva, Zurich, and Paris.
