Wednesday, 15 October 2025
The Athens office market has entered 2025 on a steady footing, with strong demand for top-quality buildings keeping rents firm even as overall leasing activity softens from last year’s highs. Data from major consultancies indicate that office take-up slowed during the first quarter but remains concentrated in energy-efficient buildings in key areas such as Syntagma and along Kifissias Avenue, where supply remains limited.
Rents for premium offices in central Athens are holding close to €30 per square metre each month, underscoring the resilience of modern, well-connected properties. Occupancy remains high in recently completed or refurbished projects, while older offices in less central locations continue to face slower leasing and greater pressure to upgrade.
Developers are responding cautiously, with new construction staying moderate and much of the upcoming space already pre-let. The focus is firmly on projects that meet current environmental standards and can accommodate flexible work arrangements. Investment activity has been restrained but consistent, directed mainly toward modern buildings with reliable tenants and strong sustainability credentials.
Although the overall pace of leasing has eased, the Athens market continues to demonstrate stability supported by a limited supply of quality space and enduring interest from both occupiers and investors. By late 2025, analysts expect conditions to remain balanced—prime buildings maintaining their value, while older properties gradually adapt to meet evolving corporate and environmental expectations.
