Shops: explosive growth in rental prices

Prices for renting retail premises continue confidentlyupward movement. According to market participants, the owners’ requirements commercial real estate have increased significantly in recent years, and rental rates in many areas have reached extremely high levels.

The data is revealing Bank of Greece (Τράπεζα της Ελλάδος – ΤτΕ)according to which in first half of 2025 nominal store rental prices high standards throughout the country as a whole increased by 1.1% compared to second half of 2024.

Over the same period, nominal prices shop rentals high standards increased by 1.5% V extended region of Athenson 2.0% V Thessaloniki and on 0.2% V rest of Greece compared to the previous half year.

According to updated data, in 2024 The average annual growth rate of nominal rental prices for high-standard stores was 8.8% for the country as a whole. At the same time, the corresponding indicators reached 10.4% For Athens, 6.8% For Thessaloniki And 6.6% For rest of Greece.

Rental rates for shops

According to the platform Spitogatosthe most expensive areas Attica for renting a store in III quarter of 2025 steel:

• Voula — average asking price 32.4 euro/sq. m
• Kolonaki – Lykabettos — 26.1 euro/sq. m
• Glyfada – up to 22.9 euro/sq. m

The most expensive areas of Attica for renting a store (III quarter 2025, Spitogatos)

The most affordable areas of Attica for renting a store (III quarter 2025, Spitogatos)

IN Marusi the corresponding figure is significantly lower – 16.4 euro/sq. ma similar level is recorded in Neo Psychico. At the same time in Kifissyeone of the most organized shopping areas in the northern suburbs, the average asking price is approx. 22 euro/sq. m.

The most affordable areas of Attica for renting a shop in III quarter of 2025 concentrated in Western Attica, Piraeus, Eastern Attica and in certain areas center of Athens.

In particular, the most inexpensive areas include Kaminia – Paleaia Kokkinia And Tamburia – Agia Sofiawhere rental rates are in the range 6–7 euro/sq. m.

IN Nah Philadelphia The average asking price for a store rental is 8.1 euro/sq. mand in Peania – near 8 euro/sq. m.

Available offer

Regarding the proposal (stock) shops for rent in Atticamore 25% of the total available fund accounts for Municipality of Athens. They follow him Southern suburbs with a share 22.5%.

Next are Western And Northern suburbswhile smaller shares of supply are in the range 3–9% – fixed in Piraeus and its suburbsas well as in Eastern Attica.

Dear…Erma

Ermu street and this year secured its status one of the most commercially active shopping streets in the world. According to a consulting company report Cushman & WakefieldErmu rose one position and took 15th place in the world ranking.

Over the past 12 months rental rates on Ermu Street increased by 7%which confirms the continued pressure on the retail property market in the central areas of Athens.

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