What's a typical lease term in Athens?

6 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

How is rent quoted in Athens?

In EUR/sqft/year. We also publish a USD-normalised view ($288/sqft/yr) for cross-market comparison.

Greek gross structure (rent often inclusive of operating costs); CPI-indexed annual reviews.

Typical lease length: 6 years.
Typical rent-free: 6 months.
Vacancy: 12.4%; trend rising.
Greek gross structure (rent often inclusive of operating costs); CPI-indexed annual reviews.

Athens office lease norms

Greek gross structure (rent often inclusive of operating costs); CPI-indexed annual reviews.

TL;DR

Typical lease length: 6 years.
Typical rent-free: 6 months.
Vacancy: 12.4%; trend rising.
Greek gross structure (rent often inclusive of operating costs); CPI-indexed annual reviews.

Structure

Greek gross structure (rent often inclusive of operating costs); CPI-indexed annual reviews. 6-12 year terms standard for institutional tenants. Rent-free of 4-8 months on 6-year terms plus EUR 100-300/sqm TI typical.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

city	Athens
country	Greece
region	EMEA
classARentLocal	264 EUR/sqft/yr
classARentUsd	$288/sqft/yr
vacancy	12.4%
typicalLeaseYears	6
typicalRentFreeMonths	6
submarkets	5
primeYieldPct	6.6%

Frequently asked questions

What's a typical lease term in Athens?: 6 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Athens?: In EUR/sqft/year. We also publish a USD-normalised view ($288/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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