Recovery for the tertiary and productive sectors, a slight upturn for the commercial, while adjacencies (storage units, parking spaces, and garages) keep suffering. If the Tuscan real estate market lived an arduous 2013 as far as the residential is concerned, the non residential sector has registered, especially in the provinces, some signs of improvement in terms of activity volume.

In fact, based on statistics provided by the Revenue Agency data bank, the sales of properties classified as tertiary markets, such as offices and credit institutions, increased by more than 8% with operations relative to 850 units. The most relevant positive variations were registered in the city of Prato and the Grosseto province, although with more contained figures in the latter. Good also in Florence. The operations regarding properties destined to become bank locations have doubled, although the overall number of these operations remains low.

A double digit increase for properties destined to productive usage. The overall number of sales for warehouses and industrial buildings in Tuscany reached 660 (+13% compared to the previous year) and the improvement in activity, which benefited from a fourth quarter in strong recovery, is largely due to the exploit of the Livorno province.

A positive sign for the commercial sector, which includes stores, shopping centers, and hotels. In 2013, there was an overall growth of nearly 2% in sales, with a clear recovery for hotels (from 22 to 28 operations), especially in the city of Florence and the Siena province. As for stores and shopping centers, a strong increase in Pisa – which also inaugurated 2014 with the inauguration of IKEA warehouse – should be noted, alongside the positive numbers registered in Arezzo.

Another contraction for the adjacencies sector. According to the Revenue Agency data bank, the 2013 flection of approximately 6% for storage units (4.900 units soled) and of 8% for parking spaces, garages and stalls (14,400 transactions). In the first category, the contraction was generalized to various areas throughout the region, despite a holding pattern in Florence. In the second category, in contrast, Massa and Prato traveled countertrend, showing signs of recovery.

Within the reduction of residential real estate – which in Tuscany registered an over-all double digit drop, with a 4% drop just in the major cities – we should nonetheless note some signals of recovered activity: the cities of Siena and Massa have highlighted an increase of sales of more than 20%, and Lucca also closed the year with a positive balance.

In partnership with IlSole24ore