Friday Jul 25, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Office rental rates declined 14.5 pct in Q1

By Nikos Roussanoglou

Rental rates for offices in Athens posted a fresh year-on-year decline of 14.5 percent in the first quarter of 2014, according to a survey conducted by certified surveyors Geoaxis.

The survey found that the slide in enterprises’ willingness to launch or expand new activities is continuing to have a very negative impact on rental levels.

Downward pressure is also seen resulting from the trend of renegotiating existing lease rates, as well as enterprises’ continued efforts to reduce the space allocated to each employee by moving to smaller office buildings.

Top-pick spaces, comprising detached office buildings complete with their own parking lots, showed the greatest rental rate decline along Vouliagmenis Avenue, south of the center of Athens, amounting to 20.5 percent on an annual basis, as the average rental rate came to 8.3 euros per square meter per month, from 10.5 euros/sq.m. a year earlier.

Kifissias Avenue saw a 15.3 percent drop, with its rates at 10.6 euros/sq.m. today. The slide in the city center was smaller, as Kolonaki has witnessed a 10.7 percent decrease and Syntagma 10 percent.

ekathimerini.com , Wednesday May 14, 2014 (23:06)  
Illegal betting worth 5.5-6 billion euros
Wait is still on for many taxpayers
Hardouvelis to push for milestones target
IMF insists on eurozone lightening Greece’s debt
PPC to look into death of disabled customer
The Public Power Corporation (PPC) launched an administrative inquiry on Thursday into why electricity supplied to the home on Crete of a quadriplegic customer on life support was cut, resul...
Boutaris plans Islamic art museum for Thessaloniki
Thessaloniki Mayor Yannis Boutaris on Thursday announced plans to establish a museum of Islamic art in Greece’s northern port city. Boutaris, who was re-elected in May, told Kathimerini he h...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
When evaluation is seen as useless
The reactions toward the government’s plans for an evaluation of public sector workers are completely unsurprising. Civil servants – and not just the unions that represent them – abhor the m...
EDITORIAL
Playing the good guy
There is a part of the government that is striving to fulfill the commitments that Greece has undertaken toward its foreign creditors, most of which pertain to reforms that are absolutely es...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Illegal betting worth 5.5-6 billion euros
2. Wait is still on for many taxpayers
3. Hardouvelis to push for milestones target
4. IMF insists on eurozone lightening Greece’s debt
5. Investors buy into possible rating upgrade
6. PPC to look into death of disabled customer
more news
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Efforts continue on Crete to find 'Sifis' the crocodile
3. Democracy 'retreated' during crisis, says Papoulias
4. Family of deceased woman on life support says application for 'special status' had been filed with PPC
5. Medical assistance for Acropolis visitors
6. Presidential election will not lead to snap elections, Samaras tells ND deputies
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Greek banks able to tap investors after stress tests, HFSF Says
5. Death on MH17 and our global war
6. Unequal after death
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.