The New Dynamics in Commercial Real Estate
The domestic commercial real estate market demonstrates that it has entered a new, more mature yet equally dynamic phase, characterized by greater stability and more structured growth. Despite the gradual compression of yields over the past decade, Greece continues to stand out, offering significantly higher returns compared to many developed European markets—particularly in the logistics and office sectors, where demand for commercial properties remains strong.
High Returns Sustaining Investment Interest
Specifically, the country records some of the highest yields in Europe: approximately 6.3% in logistics and 5.26% in office spaces, confirming its enduring attractiveness for investors seeking strong returns in an environment of increasing stability and reduced risk. This outlook is further supported by the gradual upgrade in the quality of available properties, as well as improvements in infrastructure that underpin these sectors.
Even more impressive is the trajectory of transaction activity within this segment. In the previous year, the total investment volume in commercial real estate—including logistics, offices, and retail (big boxes)—reached €1.5 billion, marking a doubling compared to 2024. This development reflects not only rising demand but also the steady strengthening of confidence in the Greek market, from both domestic and international investors.
A Market in Transition
The market is currently in a transitional phase: yields are compressing, reflecting increased confidence and maturity, while demand is intensifying competition for a limited number of high-quality assets. At the same time, Greece continues to offer higher returns compared to other mature European markets, attracting investors seeking opportunities that balance yield and security.
In this environment, the Greek commercial real estate market is not merely growing—it is undergoing a substantive upgrade, gaining greater depth, increasing scale, and enhanced significance on the European investment map, with particularly positive prospects for the years ahead.