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The Italian office market remains constrained by the ongoing uncertain and weak economic position. In Rome, significant space has been released by public institutions and many corporate occupiers are reducing the space they occupy. Prime rents in the centre have consequently eased down over the quarter. In Milan, transactions are still taking time to conclude, with occupiers looking to upgrade their space by either renegotiating the existing contract or relocating.
Source : Cushman & Wakefield
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