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Retail By City

AthensGreece

city rank #67

City Overview

Athens has a strong high street based retail market. The city's first shopping centre, The Mall, was opened in 2005. Since then, four more shopping centres have opened, but the total gross leasable area of shopping centres only totals 235,000 sq m. The major retail areas have developed organically on main streets in central Athens and its suburbs. The pedestrianisation of streets, town squares (plateia) and existing anchor tenants are key drivers in the development of local retail markets. High street retail property is found throughout the city and is generally occupied by local retailers. Local residential neighbourhoods have retail areas for a mixture of food, clothing, home goods and services. The organic growth of retail space has historically made it very difficult for international retailers to obtain suitable space, even in medium-sized formats. Recession-driven weak retail sales have eased retail demand by consumers and the demand for space, making retail space a tenants' market in all but the strongest high street markets, and a good opportunity for strong retailers to grab prime locations. Over the last 20 years, there has been an increase in the development of specific retail projects centered around supermarkets, hypermarkets, big -box retail, local shopping centres, and mixed-use developments.

Things to do

See

Work

Trendy boutiques on Voukourestiou street and its surrounding areas, Kolonaki, Ermou St area.


Rest

The Acropolis Museum situated and the Acropolis just across it, are the top attraction of the city and they offer an unrivaled experience. Vibrant downtown Athens particularly around Aeolou St and Agias Irinis Square has staged a remarkable revival.


And be seen

Eat

Spondi, Milos at the Hilton, Funky Gourmet in central Athens, Hytra, Aneton in Marousi, Kouzina near Thissio, Varoulko Seaside in Mikrolimano, Noel near Syntagma Square


Drink

Galaxy Bar at the Hilton, the many cool bars and restaurants in downtown Athens, Kolonaki, and Glyfada


Be Merry

Concerts and performances at the new Stavros Niarchos Foundation Cultural Center, the Athens Megaron or the Onassis Cultural Centre. All visitors should visit the Herod Atticus theatre in the summer.


Other Cities in Greece

Contact Us

YANNIS PERROTIS

4 Sekeri Street
+30 213 016 9500 | yannis.perrotis@cbre-atria.gr