Cushman

The large shopping malls are resisting and still attracting chains that “bet” on a good display store.

The increase in new leases for business premises, offices and shops, for both individual businesses and retail chains in Greece's two largest urban centers and other cities, has been steep this year.

Investments in Greek commercial real estate, i.e. hotels, shops, offices and warehouses, posted a new record last year, as recent data from a real estate consultancy firm show that Greek and foreign funds invested in this property category 40% more in 2022 than in 2021, reaching 1.65 billion euros.

The logistics real estate market in Sofia marks a second consecutive quarter with growth in construction and high rental activity. This shows the report of the consulting company Cushman & Wakefield Forton for the first half of the year. The total area of ​​the completed projects in the last three months is 72 500 square meters.

Modern office lease contracts in Athens have seen rental hikes of up to 11 percent in the last 12 months as a result of the steadily high demand by corporations and mainly the considerable shortage in new developments, forcing businesses to seek spaces in the existing stock of commercial properties.

One of Europes most successful mobile games studios, Nordeus, now has a new home.

Sofia is first in Europe in growth of office rents in the third quarter of the year. For this period, the increase is 7.1% compared to the previous one, with the average level now being 15 EUR per square meter. This is the data of Cushman & Wakefield consulting company, with Fortun being its strategic partner for Bulgaria.

New Bond Street in London is the most expensive shopping street in Europe. According to the 29th edition of the Main Streets Across The World report of the global Cushman & Wakefield consulting company, the British location is shifting from this position to Avenue des Champs Élysée in Paris.

2017 is expected to be record for the retail market in Bulgaria, predicts Forton, a strategic partner of Cushman & Wakefield for Bulgaria.

In the first eight months of this year, transactions for over EUR 400 million were made, the company reports.

Ermou street in the centre of Athens is the 25th spot of the most expensive shopping streets in the world, according to an annual released by Cushman & Wakefield, an international property consultancy company. According to the data, it costs 2,340 euros per Sq/m to rent on Ermou St, which despite the financial crisis jumped two spots in the list from 2015. Ermou St.