Commercial property indices: 2025 H2
11/06/2026 - Press Releases
- In 2025, the average annual rate of change for prime office prices for the entire country stood at 5.1% and for office rents of all classes at 0.8%.
- In 2025 H2, the rate of change for prime office prices for the entire country stood at 4.5% and for office rents of all classes at 1.0%, compared with 2025 H1.
- In 2025, the average annual rate of change for prime retail prices for the entire country stood at 4.8% and for retail rents of all classes at 3.6%.
- In 2025 H2, the rate of change for prime retail prices for the entire country stood at 3.9% and for retail rents of all classes at 2.6%, compared with 2025 H1.
1. Office indices
According to provisional data, in 2025 prime office prices (in nominal terms) for the entire country increased on average by 5.1% year-on-year, maintaining the same growth rate as in 2024. Broken down by region, in 2025 prime office prices increased on average by 7.0% in Athens, 4.2% in Thessaloniki and 2.5% in the rest of Greece.
In the second half of 2025, prime office prices increased by 4.5% at country level compared with the first half of 2025 (provisional data). According to revised data, in the second half of 2024 prime office prices increased by 4.4% compared with the previous half-year, whereas in the first half of 2025 they increased respectively by 0.6%. Broken down by region, in the second half of 2025 prime office prices increased by 6.1% in the greater Athens area and by 3.3% in in the rest of Greece, while they marginally decreased by 0.4% in Thessaloniki compared with the first half of 2025.
In 2025, office rents of all classes for the entire country increased οn average by 0.8% in nominal terms (provisional data). Broken down by region, the corresponding average annual rate of change in rents was 5.5% in Athens, -1.2% in Thessaloniki and -2.1% in the rest of Greece.
In the second half of 2025, office rents for the entire country increased by 1.0% compared with the first half of 2025 (provisional data). The respective rates of change were 0.7% in the second half of 2024 and 0.9% in the first half of 2025 (revised data).
2. Retail indices
According to provisional data, in 2025 prime retail prices (in nominal terms) increased on average by 4.8% at country level, year-on- year, against an increase of 8.8% in 2024. Broken down by region, in 2025 the corresponding average annual rates of increase were 5.3% in Athens, 2.7% in Thessaloniki and 4.4% in the rest of Greece.
In the second half of 2025, prime retail prices increased by 3.9% compared with the previous half-year at country level (provisional data). The corresponding rates of change were 4.0% in the second half of 2024 and 0.8% in the first half of 2025 (revised data). According to regional data, in the second half of 2025 prime retail prices increased by 5.4% in the greater Athens area, 0.9% in Thessaloniki and 2.0% in the rest of Greece, compared with the first half of 2025.
In 2025, retail rents of all classes for the entire country increased on average by 3.6% in nominal terms (provisional data). Broken down by region, the corresponding average annual rates of increase were 5.7% in Athens, 2.7% in Thessaloniki and 0.5% in the rest of Greece.
In the second half of 2025, retail rents for the entire country increased by 2.6% compared with the first half of 2025 (provisional data). The respective rates of increase were 2.2% in the second half of 2024 and 1.1% in the first half of 2025 (revised data).
(1) Any inconsistencies between levels and percentage changes in the table are due to rounding.
*Provisional data.
Source: Bank of Greece.
Related Information:
1. For the purposes of monitoring and analysing the commercial property market, the Real Estate Market Analysis Section of the Bank of Greece compiles office and retail property indices, using data from credit institutions (Bank of Greece Executive Committee Act 23/26.07.2013) and Real Estate Investment Companies - REICs - operating in Greece (Bank of Greece Executive Committee Act 9/10.01.2013), as well as data from other sources, e.g. private real estate consultants, portfolio managers, real estate developers, real estate brokers and public sector entities. The data are collected on a biannual basis and include valuations, rents, transactions, investments and yields of commercial property and commercial property asset portfolios.
2. Indices are published on a biannual basis (base year: 2010) and cover office and retail uses. Price indices represent prime investment property and are valuation-based and not actual transactions. Therefore, the respective indices are expected to show relative lag, especially in cases of negative changes. Furthermore, in periods of limited transactions, the values tend to reflect sentiment and market expectations at the moment of the valuation. Finally, it is noted that indices reflect price and rent levels at the end of each reference period.
Related links:
Residential and commercial property price indices and other short-term indices
Machine-readable data sets (Open Data): Real Estate Market