An increase in commercial property prices was recorded in 2025, as the rate of change in high-specification office prices for the entire country reached 4.5% and office rents across all categories rose by 1.0% compared to the first half of 2025, according to Bank of Greece data for the second half of 2025.
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How high-specification retail property prices evolved in 2025
The average annual rate of change for high-specification retail property prices nationwide reached 4.8% and retail rents across all categories increased by 3.6%. In the second half of 2025, the rate of change for high-specification retail property prices nationwide reached 3.9% and retail rents across all categories rose by 2.6% compared to the first half of 2025.
Specifically, based on available preliminary data, high-specification office prices (in nominal terms) increased by an average of 5.1% in 2025 compared to the previous year nationwide, a rate unchanged from 2024. By geographical area, high-specification office prices in 2025 recorded an average annual increase of 7.0% in Athens, 4.2% in Thessaloniki, and 2.5% in the rest of Greece.
In the second half of 2025, high-specification office space prices nationwide showed an increase of 4.5% compared to the first half of 2025 (preliminary data). Based on revised data, in the second half of 2024 high-specification office prices recorded a 4.4% increase compared to the previous semester, while in the first half of 2025 they recorded a corresponding increase of 0.6%. By geographical area, in the second half of 2025 high-specification office space prices increased by 6.1% in the greater Athens area and by 3.3% in the rest of Greece, while they decreased marginally by 0.4% in Thessaloniki compared to the first half of 2025.
How much rental prices increased
For the entire year 2025, office rents across all categories in nominal terms, nationwide, increased by 0.8% (preliminary data). By geographical area, the rate of change for office rents reached 5.5% for Athens, -1.2% for Thessaloniki, and -2.1% for the rest of Greece. During the second half of 2025, office rents nationwide recorded a 1.0% increase compared to the first half of 2025 (preliminary data). The corresponding rental change rates were 0.7% in the second half of 2024 and 0.9% in the first half of 2025 (revised data).
Based on available preliminary data, high-specification retail property prices (in nominal terms) nationwide increased by an average of 4.8% in 2025 compared to the previous year, versus an 8.8% increase in 2024. By geographical area, the corresponding average annual price increase rate was 5.3% for Athens, 2.7% for Thessaloniki, and 4.4% for the rest of Greece. In the second half of 2025, high-specification retail property prices nationwide increased by 3.9% compared to the previous semester (preliminary data). The corresponding change rates were 4.0% in the second half of 2024 and 0.8% in the first half of 2025 (revised data). By geographical area, in the second half of 2025 high-specification retail property prices recorded increases of 5.4% in the greater Athens area, 0.9% in Thessaloniki, and 2.0% in the rest of Greece, compared to the first half of 2025.
For the entire year 2025, retail property rents across all categories in nominal terms, nationwide, recorded an average annual increase of 3.6% (preliminary data). By geographical area, the corresponding average annual rental increase rate was 5.7% for Athens, 2.7% for Thessaloniki, and 0.5% for the rest of Greece. During the second half of 2025, retail property rents increased by 2.6% compared to the first half of 2025 nationwide (preliminary data). The corresponding rental increase rates were 2.2% in the second half of 2024 and 1.1% in the first half of 2025 (revised data).
