Rome | OFFICE 2017

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Take-up reached the highest level in 2017
During 2017, office take-up exceeded 200,000 sqm (specifically 220,000 sqm), a value never achieved before in the last ten years. In fact, a volume of 200,000 sqm was reached only in 2010 but as a result of three transactions that exceeded 10,000 sqm each.
Market dynamics of the city of Rome, therefore, are confirmed as being linked to large transactions. More specifically, three relevant deals were recorded: 43,000 sqm were let by ENI at Europarco, 22,000 sqm by Engineering in the Greater Eur and 16,000 by IBM in the Nuova Fiera di Roma.
Thanks to the first two transactions explained above, take-up in the Greater Eur accounted for 48% of the market. In certain cases in the past, companies, that were not able to identify the appropriate space within current supply, decided to build their headquarter according to their own specific requirements. On the contrary, in these two recent transactions, location was the driver, as well as the quality-performance standards of the properties. For these reasons, ENI decided for a new built to suit solution and Engineering started a strong refurbishment of an existing building.

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Rome | OFFICE 2017

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