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The right window, on the right street, at the right moment.

Shops and offices for sale: what they really yield, and what weighs

A shop on a strong street or a floor of offices is bought for its income and sold with its lease. Here you will find the figures that matter, each with its source, and the rules that change them.

Updated on

In Trieste's historic centre, OMI zone B2, a shop in a prime position is quoted at €2,000/m²OMI to €3,000/m²OMI for 2025/2OMI; the gross yield that follows, estimated at the midpoint of the range, is 7.39%OMI. That is an estimated gross figure, not a net yield and not a price: a let shop is bought for its lease, and the lease is read before the number.

You can write to us in English or Italian, and we reply in either.

PL. 01 The Canal Grande, Trieste, 2022. The movement of the water and the reflections is AI-generated (Kling 3.0) from this photo; the buildings, the bridge and the quays remain the original photo. Photo: Giorgio Galeotti (CC BY 4.0, modified). Source

The figures

The OMI quotations for central Trieste, the gross yields derived from them, and two market references. Take care with the comparison: the OMI yield is gross and estimated on gross area; the prime yields quoted for large cities are net and cover a few streets in a few cities. They are two different measures.

Retail and offices: the figures, with source and scope
What it measuresValue and source
Shops in a prime position, Trieste zone B2: bottom of the OMI range, gross area€2,000/m²OMIWhere this figure comes fromRead on7 October 2026SourceAgenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Commerciale, semestre 2025/2Keyomi:trieste-b2-negozi-ottimo-valore-min-ultimoAll the sources on this page
Shops in a prime position, Trieste zone B2: top of the OMI range, gross area€3,000/m²OMIWhere this figure comes fromRead on7 October 2026SourceAgenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Commerciale, semestre 2025/2Keyomi:trieste-b2-negozi-ottimo-valore-max-ultimoAll the sources on this page
Shops in a prime position, Trieste zone B2: gross yield estimated at the midpoint of the OMI range7.39%OMIWhere this figure comes fromRead on7 October 2026SourceAgenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Commerciale, semestre 2025/2Keyomi:trieste-b2-negozi-ottimo-rendimento-lordo-implicito-ultimoAll the sources on this page
Offices, Trieste zone B2: gross yield estimated at the midpoint of the OMI range4.71%OMIWhere this figure comes fromRead on7 October 2026SourceAgenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Terziaria, semestre 2025/2Keyomi:trieste-b2-uffici-normale-rendimento-lordo-implicito-ultimoAll the sources on this page
Offices, Trieste zone B1: gross yield estimated at the midpoint of the OMI range5.82%OMIWhere this figure comes fromRead on7 October 2026SourceAgenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B1, destinazione Terziaria, semestre 2025/2Keyomi:trieste-b1-uffici-normale-rendimento-lordo-implicito-ultimoAll the sources on this page
Prime net yield on high-street retail in Italy, according to JLL4%JLLWhere this figure comes fromRead on7 October 2026SourceJLL, «Italy Capital Markets Market Dynamics, Q2 2026»Keyinv:prime-yield-high-street-jll-ultimoAll the sources on this page

Why there are no listings here

Families selling a hotel or an inherited building rarely want the whole town to know. Buyers rarely want what everyone else has already seen.

So the properties we handle are not put on portals or in shop windows, and we do not send particulars to people we do not know. Whatever you write to us is read by a named person at the agency, and your enquiry stays in our own system: it does not leave the agency. The name of a property, and of its owner, is given only when the owner agrees; Confidentiality explains how that works. A listing that carries our name is not ours: here is how to recognise us. And what happens after you write to us, step by step.

For owners of a shop or an office

A let shop sells better with a good lease than without one: the buyer is buying an income, and an income is measured by the expiry, the rent and who pays it. A vacant office is another matter: it sells to someone who will occupy it, or to someone who will convert it. The routes are to sell let or vacant, to renegotiate before selling, to sell your own premises and stay on under a lease, or to hold.

Before deciding, it is worth knowing what the existing lease says about first refusal and service costs, and whether the tenant already knows you are thinking about it.

Retail and offices: the routes open to an owner
The routeWhen it is worth consideringWhere to read more
Sell the propertyWhen the existing lease is sound and long, so you are selling an income; or when the unit is vacant and suits an occupier.G-11 · Which taxes does a buyer of commercial property pay in Italy?
Let the propertyWhen the shop is vacant and the street holds up: a good lease underpins the value of any later sale too, at least 6Normattiva years, renewable.G-02 · How do you read a commercial lease when you buy a let property?
Sell and stay in (sale and leaseback)When a business wants to release capital from its own premises without moving out.—
Hold, and do nothingWhen the rent comfortably covers the costs and there is no need for capital.—

For buyers

Commerce in central Trieste has changed its skin: between 2011 and 2023 retail outlets in the city fell by -25%Comune di Trieste and food and drink outlets grew by 31%Comune di Trieste, according to the Municipality's observatory. Offices in zone B2 saw their average OMI value rise by 28.3%OMI in one year. Shopping centres, on the other hand, are losing value: -6.3%OMI in one year.

On the portals, in October 2026, six let properties for sale in Trieste and Muggia were asking for gross yields of 5.7%* to 9.9%*: our own count, aggregated and without addresses, and these are asking prices, not prices paid. Before any particulars we ask for your criteria: street, size, the kind of tenant you want, the lease expiry you will accept, deal structure.

Risks and limits

No official body measures shop vacancy in Trieste. A yield worked out by comparing sale listings with letting listings is almost always wrong, because the two samples are made up of different properties. A high rent with a weak tenant is worth less than a fair rent with a sound one. And a yield is never promised: it depends on the lease, the tenant and time.

What we are working on

What we are being asked for today, without places or names:

  • Brands looking for their own shop on a strong street.

Read alongside

Questions we are asked

What does a shop in central Trieste really yield?

On the OMI quotations for 2025/2OMI, a shop in a prime position in zone B2 has an estimated gross yield of 7.39%OMI; in a standard position, 6.58%OMI. Both are gross, worked out at the midpoint of the range. The net figure depends on the buyer's taxes, the costs and the months of vacancy: the “The real yield” tool shows each item.

Does the tenant have the right to buy the shop before anyone else?

Yes, if the shop is let to a business that deals with the public: the landlord must offer it to the tenant on the same terms, and the tenant has 60Normattiva days to accept (Law 392/1978, Art. 38). If the offer is not made, the tenant can buy the property from the purchaser. This is guidance, not advice.

What taxes does the buyer of a shop pay?

It depends on who sells. If the seller is a business, registration tax is fixed at €200AdE, and mortgage and cadastral taxes are 3%AdE and 1%AdE; if the seller is a private individual, registration tax is 9%Normattiva. From 1 January 2027 the consolidated tax acts are renumbered: the principles stay, the article numbers do not.

The technical detail

What to read, who owns it, what weighs on it: for those who follow the paperwork.

Sheet A · What it is

For a shop: the street and which side of it, the frontage, the sales area and the storage, the ceiling height, the cadastral category and the permitted use. For an office: the floor, the light, whether it can be divided, the services, access, and the energy performance, which matters more every year to a landlord letting to a business.

Then the income: the passing rent, when the lease expires, which costs fall on whom, and the security held, whether a rent deposit or a bank guarantee. Gross yield is a year's rent divided by the price; net yield deducts taxes, costs, maintenance and the months the unit stands empty.

Sheet B · Who owns it

Who owns. Families, foundations, businesses that own their premises and no longer use all of them, private investors who bought for income.

Who buys. Private investors looking for income, brands looking for their own shop, businesses looking for premises to occupy.

Sheet C · What weighs on it

  • The lease in place. A commercial lease runs for at least 6Normattiva years, renewable for the same term (Law 392/1978, Art. 27); when it ends, a tenant whose business deals with the public is owed compensation of 18Normattiva months' rent (Art. 34).
  • The tenant's right of first refusal, and right to buy from the purchaser. A landlord selling a shop let to a business open to the public must first offer it to the tenant, who has 60Normattiva days to reply; if that offer is skipped, the tenant can buy the property from the purchaser within 6Normattiva months of registration of the deed (Arts 38–39).
  • Large leases. Above an annual rent of €250,000Normattiva the parties may agree different terms, except for historic premises (Art. 79, para. 3).
  • Change of use. In Friuli Venezia Giulia a change of use occurs when more than 25%L.R. 19/2009 of the unit's usable floor area moves to another use category (Regional Law 19/2009, Art. 15): from there, the local plan and the infrastructure contributions come into play.
  • The taxes, which depend on who sells. From a business: a fixed registration tax of €200AdE, mortgage tax at 3%AdE and cadastral tax at 1%AdE, plus VAT if the seller opts to tax. From a private individual: registration tax at 9%Normattiva.

The laws are cited as we read them on 7 October 2026. This is guidance, not advice.

Redazione TriesteBusiness (TriesteVillas srl) · Drafted with AI assistance · checked against primary sources on 7 October 2026 · 28 sources · 5 min read

Sources (28)

  1. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Commerciale, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-b2-negozi-ottimo-rendimento-lordo-implicito-ultimo
  2. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Terziaria, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-b2-uffici-normale-var-valore-medio-1-anno-ultimo
  3. C&W · Cushman & Wakefield, MarketBeat Italy Retail Q2 2026 · read on 7 October 2026 · open the source · data register key: inv:prime-yield-high-street-venezia-cw-ultimo
  4. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Commerciale, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-b2-negozi-ottimo-valore-min-ultimo
  5. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Commerciale, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-b2-negozi-ottimo-valore-max-ultimo
  6. OMI · Agenzia delle Entrate, GEOPOI: elenco dei semestri OMI pubblicati · read on 7 October 2026 · open the source · data register key: omi:ultimo-semestre
  7. Normattiva · L. 27 luglio 1978, n. 392, art. 27, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:locazione-durata-anni
  8. Normattiva · L. 27 luglio 1978, n. 392, art. 34, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:locazione-avviamento-mensilita
  9. Normattiva · L. 27 luglio 1978, n. 392, art. 38, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:locazione-prelazione-giorni
  10. Normattiva · L. 27 luglio 1978, n. 392, art. 39, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:locazione-riscatto-mesi
  11. Normattiva · L. 27 luglio 1978, n. 392, art. 79, c. 3, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:locazione-grandi-soglia
  12. L.R. 19/2009 · L.R. 11 novembre 2009, n. 19 (Codice regionale dell'edilizia), art. 15, testo vigente dal 30/06/2026 letto su Lexview · read on 7 October 2026 · open the source · data register key: f:cambio-uso-soglia
  13. AdE · Agenzia delle Entrate, circolare 2/E del 21/02/2014, tabella 4: cessione di un immobile strumentale da un'impresa (operazione soggetta a IVA) · read on 7 October 2026 · open the source · data register key: f:imposte-impresa-registro
  14. AdE · Agenzia delle Entrate, circolare 2/E del 21/02/2014, tabella 4: cessione di un immobile strumentale da un'impresa · read on 7 October 2026 · open the source · data register key: f:imposte-impresa-ipotecaria
  15. AdE · Agenzia delle Entrate, circolare 2/E del 21/02/2014, tabella 4: cessione di un immobile strumentale da un'impresa · read on 7 October 2026 · open the source · data register key: f:imposte-impresa-catastale
  16. Normattiva · D.P.R. 26 aprile 1986, n. 131, Tariffa, parte I, art. 1 (fabbricati venduti da un privato), testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:imposte-privato-registro
  17. Comune di Trieste · Comune di Trieste, Osservatorio rigenerazione urbana e politiche abitative (RUPA), documento di sintesi del 25/06/2024, su dati Unioncamere delle localizzazioni attive · read on 7 October 2026 · open the source · data register key: f:comune-dettaglio-var
  18. Comune di Trieste · Comune di Trieste, Osservatorio rigenerazione urbana e politiche abitative (RUPA), documento di sintesi del 25/06/2024, su dati Unioncamere delle localizzazioni attive · read on 7 October 2026 · open the source · data register key: f:comune-ristorazione-var
  19. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona C2, destinazione Commerciale, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-c2-centri-commerciali-normale-var-valore-medio-1-anno-ultimo
  20. Calcolo nostro su 6 annunci pubblici di immobili commerciali locati in vendita a Trieste, letti il 07/10/2026 (rendimento lordo chiesto = canone annuo ÷ prezzo chiesto, rifatto da noi per ogni annuncio; dato aggregato e anonimo, nessun annuncio citato) · read on 7 October 2026 · data register key: f:annunci-locati-trieste-min
  21. Calcolo nostro su 6 annunci pubblici di immobili commerciali locati in vendita a Trieste, letti il 07/10/2026 (rendimento lordo chiesto = canone annuo ÷ prezzo chiesto, rifatto da noi per ogni annuncio; dato aggregato e anonimo, nessun annuncio citato) · read on 7 October 2026 · data register key: f:annunci-locati-trieste-max
  22. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Commerciale, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-b2-negozi-normale-rendimento-lordo-implicito-ultimo
  23. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B2, destinazione Terziaria, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-b2-uffici-normale-rendimento-lordo-implicito-ultimo
  24. OMI · Agenzia delle Entrate, GEOPOI – scheda quotazioni OMI Trieste, zona B1, destinazione Terziaria, semestre 2025/2 · read on 7 October 2026 · open the source · data register key: omi:trieste-b1-uffici-normale-rendimento-lordo-implicito-ultimo
  25. JLL · JLL, «Italy Capital Markets Market Dynamics, Q2 2026» · read on 7 October 2026 · open the source · data register key: inv:prime-yield-high-street-jll-ultimo
  26. Normattiva · D.Lgs. 22 gennaio 2004, n. 42, art. 61, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:beni-culturali-prelazione-giorni
  27. Normattiva · D.Lgs. 21 novembre 2007, n. 231, art. 20, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:titolare-effettivo-soglia
  28. Normattiva · D.Lgs. 19 agosto 2005, n. 192, artt. 6, c. 8, e 15, c. 10, testo vigente letto su Normattiva il 07/10/2026 · read on 7 October 2026 · open the source · data register key: f:ape-sanzione-max