Athens office lease rates continue positive course

The trend toward an increase in office rental rates in the Greek capital, first noted in the latter half of 2016, was consolidated in the first half of 2017. A recent analysis of the state of the sector in Europe by Savills indicated that the Athens market is continuing its positive course this year.

Savills analysts say that rental rates in Athens range between 10 and 14 euros per square meter per month.

However, over the course of the last few weeks rental deals for high-standard offices in the capital at rates of between 15 and 16 euros/sq.m. have been observed.

This serves to confirm the growth trend in office rental rates, at least for quality properties, which are something of a rarity in Athens.

It is no coincidence that the availability of such properties has now dropped to just 3-5 percent, depending on the location, while office space in the B...