High momentum in Greece’s office market in Q4 2025

According to a recent analysis by Cushman & Wakefield Proprius, this increase supported annual activity, with total office take-up in 2025 reaching 170,000 m², nearly on par with 2024.

The strong activity in Q4 2025 suggests the release of accumulated demand, as many tenants completed transactions that had been initiated earlier in the year.

Demand was primarily driven by the professional services and TMT sectors, with the public sector also contributing significantly to overall absorption.

Geographically, Athens CBD recorded the highest share of transactions, followed by Athens Northeast, confirming the sustained attractiveness of these areas for multinational and consolidating occupiers seeking modern, accessible office space.

New office supply remained limited throughout 2025, with few deliveries of Grade A or large floorplates, intensifying competition for high-quality spaces and limiting tenants’ options.

Office Investment Market: Q4 2025 Sees a Surge in Transactions

Office investment in Q4 2025 reached approximately €527 million, marking a significant increase both quarterly and year-on-year. A key driver of this growth was Prodea Real Estate Investment Company, which completed the sale of the Milora office and retail portfolio to Yoda Plc. The Milora portfolio, comprising prime commercial, office, and retail assets across Greece, was valued at €676.5 million.

Additionally, Prodea sold a 30% stake in Piraeus Tower S.A. to Yoda, representing an underlying value of €107 million, as part of a broader portfolio restructuring strategy.

Regarding investor composition, family offices accounted for 70% of total office investments during the quarter, while asset managers and private investors represented the remaining 30%.

The substantial growth in both demand and investment highlights the resilience of the Greek office market and indicates the continuation of strong activity in high-quality spaces in 2026.