The commercial real estate market in Greece is experiencing steady growth, with expectations that this upward trend will continue over the next five years, until 2029. Most investments are concentrated on office buildings and tourist properties.

Property prices have risen significantly since 2019. Data from Spitogatos indicates that office prices per square meter have surged 47.3% in central Athens, 40.6% in the eastern suburbs, 49.9% in the southern suburbs, and 33.3% in western Athens.

There is strong demand for sustainable, energy-efficient office spaces in prime locations, though demand for other types of offices may decline slightly in the coming years. Prices for warehouses and storage facilities have also seen notable growth, with increases of 45.7% in central Athens, 52% in the eastern suburbs, 39.3% in the southern suburbs, and 28.4% in the western part of the city.

From 2019 to 2024, the price per square meter for commercial spaces has risen, with central Athens increasing from 8 to 10.4 euros, the eastern suburbs from 5 to 7.7 euros, the southern suburbs from 7.8 to 10.7 euros, and the western suburbs from 5.4 to 7.6 euros.

One new trend in Greece’s commercial real estate sector is the rise of smart buildings. The global smart building market, valued at $108 billion in 2023, uses Internet of Things (IoT) and automated technologies to manage systems like lighting, security, and climate control.

Another trend is the growth of mixed-use developments, which combine residential, retail, office, and entertainment spaces within a single complex. These projects are gaining popularity for offering a diverse tenant mix, stable cash flow, sustainability, and lower vacancy rates while catering to different housing needs.