Rome, while remaining the administrative and cultural centre of Italy, is gradually strengthening its position as a business hub. However, the office property market here traditionally differs from Milan, the main financial centre of the country: the activity of investors and tenants is lower, and the supply of modern offices is limited.
In the first half of 2025, the average rental rate for class a offices in the central districts of Rome (EUR, Prati, historical centre) was 31-34 euros per sq. m. per month, which is about 2% higher than last year. Outside the centre – in the districts of Tiburtina, San Giovanni and near the GRA – the rates are kept at the level of €18-24 per sq. m. According to Cushman & Wakefield consultants, demand is fuelled primarily by government agencies, diplomatic missions and energy and services companies, while demand from international IT companies is significantly lower in Rome than in Milan.
The average purchase price of an office property in Rome in 2025 ranges from 3,600 to 4,200 euros per square metre in the central areas, while in the suburbs (EUR periphery, Aurelio, Appia Nuova) prices are 2,000-2,600 euros per square metre. investors are cautious: according to BNP Paribas Real Estate, investments in the office segment of Rome in the first six months of 2025 amounted to around 730 million euros, 8% less than a year earlier. The reason is the lack of new projects and high competition for quality facilities.
JLL Italy analysts note that there is still a strong interest in Rome for properties with improved energy efficiency: in 2025, almost 40% of transactions were for buildings with environmental certification. However, the supply of such offices is extremely limited.
CBRE Italy stresses that a significant proportion of Rome’s offices are in need of modernisation and this is holding back price growth. There is still interest in renovating old administrative buildings into modern offices, but the process is slower than in Milan.
In the second half of 2025, rental rates in the premium segment are expected to increase moderately (up to +2-3%), especially in the EUR quarter, where large business centres and government offices are concentrated. Sales prices, according to Knight Frank’s forecasts, will remain relatively stable, with possible growth in the central districts due to a shortage of quality properties.
The medium-term outlook for Rome is linked to the development of redevelopment projects and growing interest in flexible office space. However, according to experts, the Italian capital will lag behind Milan, which will remain the main driver of the country’s office market, in terms of growth rates in the coming years.