The Bank of Greece published provisional commercial property indices showing continued price growth in 2025 across both office and retail segments, with weaker rental growth in offices than in retail. Prime office prices for the whole country rose 5.1% year on year, unchanged from 2024, while office rents of all classes increased 0.8%. Prime retail prices rose 4.8%, down from 8.8% in 2024, and retail rents increased 3.6%. Second-half data pointed to stronger momentum than in the first half of 2025, especially in prices. Compared with the first half, prime office prices rose 4.5% nationally and office rents increased 1.0%, while prime retail prices rose 3.9% and retail rents 2.6%. Regionally, Athens remained the strongest market, with 2025 office price growth of 7.0% and retail price growth of 5.3%, while Thessaloniki saw a 0.4% half-year decline in prime office prices in the second half and a 1.2% annual fall in office rents for 2025. The Bank noted the series are compiled twice yearly and that prime price indices are valuation-based rather than transaction-based.
Bank of Greece2026-06-11
Bank of Greece publishes 2025 commercial property indices, office price growth holds at 5.1% while retail price growth slows to 4.8%
The Bank of Greece’s provisional 2025 commercial property indices show continued growth in office and retail prices, but slower gains in retail prices and weak office rent growth. Prime office prices rose 5.1% and office rents 0.8%, while prime retail prices rose 4.8% and retail rents 3.6%. Second-half 2025 data showed stronger half-year increases, with Athens outperforming other regions.