Italian market overview | 2023

Italian market 2023 

• Despite challenging economic and geopolitical environment, Q4 2023 showed signals of recovery for CM investments
  
• Lenders continue to deploy into multiple asset classes, with a heightened focus on sponsor, sector, and asset quality
  
• Occupiers’ fundamentals are solid resulting in positive absorption performances both in logistics and office assets
  

2024 Outlook 

• Looking ahead, we should see improving stability and predictability in conditions in 2024, as well as lower inflation and the start of the interest rate cutting cycle 
  
• Global geopolitical uncertainty will continue to weigh on investment activity but at a lower pace 
  
• Occupiers' demand will maintain strong, with an increasing focus on quality and ESG target