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Transactions for non-residential properties represent 15% of the market

26 November, Il Sole 24 Ore

3.5 properties for office, industrial and commercial use generated last year about 50 thousand sales for a turnover equal to 15.7 billion euro, corresponding to 15% of the real estate market. The prices per square metre have decreased for all the segments, although offices have reduced losses by 10% in the last five years, while shops and warehouses registered reductions respectively for 15% and 20%.

The report is provided by Crif Res. The company develops real estate solutions concerning property appraisals, preliminary enquiries and services to provide a complete insight of the technical and urban characteristics of the property based on its own data and on those from the Revenue.

More in detail, as the memo reads, “considering 100 as the total transactions for non-residential properties recorded in the last ten semesters, shops and laboratories represented the 50% of the total, offices the 26% and warehouses the 24%”.

In the first half of the year, “the average value of shops (excluding laboratories) transacted in the country has been equal to 165 thousand euro. This value is well below the figures reported five years ago and is lower than the previous year. On the other hand, the surfaces have been consistently growing, reaching 98 Sq m against the 75 Sq m of 2013”.

For what concerns offices, the average price reported in the first part of the year has set at 212 thousand euro against the 242 thousand in2014. “Also in this case, transactions have concerned increasingly larger surfaces, reaching 122 Sq m and surpassing the record of 2014”.

Finally, the warehouse segment has reported a slight decrease compared to 2017 concerning prices (823 thousand euro against 853 thousand) and surface (1,504 Sq m against 1,516 Sq m).

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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