What is the average Class A rent in Athens?

Around 264 EUR/sqft/yr ($288 USD) across the broader Class A index. Trophy submarkets like Syntagma / Kolonaki command 20–40% above that.

How many months of rent-free are normal in Athens?

6 months on a 6-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Athens?

The Athens Class A market is currently rising. Vacancy is 12.4%, which sets the negotiating context.

Headline Class A rent in Athens is around 264 EUR/sqft/yr ($288 USD), with 6 months of typical rent-free on a 6-year term.

Headline Class A rent: 264 EUR/sqft/yr ($288 USD).
Trophy submarket rents (Syntagma / Kolonaki) push to roughly €312/sqm/yr · ≈ $31.3 PSF/yr USD.
Typical concessions on a 6-year deal: 6 months free rent.
Vacancy stands at 12.4% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Athens Class A office rents and incentives

Headline Class A rent in Athens is around 264 EUR/sqft/yr ($288 USD), with 6 months of typical rent-free on a 6-year term.

TL;DR

Headline Class A rent: 264 EUR/sqft/yr ($288 USD).
Trophy submarket rents (Syntagma / Kolonaki) push to roughly €312/sqm/yr · ≈ $31.3 PSF/yr USD.
Typical concessions on a 6-year deal: 6 months free rent.
Vacancy stands at 12.4% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Athens are quoted in EUR per sqft per year. Across the broad Class A index the figure is 264, but the trophy tier in Syntagma / Kolonaki reaches roughly €312/sqm/yr · ≈ $31.3 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Athens concessions on a 6-year Class A lease run to 6 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — Greek corporate tax of 22%. 24% VAT. Athens municipal tax. Combined effective rate near 22%.

Where rents land by submarket

Syntagma / Kolonaki sits at the top end (~€312/sqm/yr · ≈ $31.3 PSF/yr USD). Ampelokipoi clears around €264/sqm/yr · ≈ $26.5 PSF/yr USD as the prime tier. The full submarket map is on the Athens city page.

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%
trophyRent	€312/sqm/yr · ≈ $31.3 PSF/yr USD
primeRent	€264/sqm/yr · ≈ $26.5 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Athens?: Around 264 EUR/sqft/yr ($288 USD) across the broader Class A index. Trophy submarkets like Syntagma / Kolonaki command 20–40% above that.
How many months of rent-free are normal in Athens?: 6 months on a 6-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Athens?: The Athens Class A market is currently rising. Vacancy is 12.4%, which sets the negotiating context.

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

Full sources index · Submit a correction