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Modern office buildings are in the minority in the wider Athens area, with the majority of properties at risk of becoming obsolete in the coming years.
More than 60% of the wider Athens region’s total office stock, totaling 5.13 million square meters, was built before the 2000s, meaning these properties are over 25 years old. According to market estimates, at least 3 million square meters will need upgrades in terms of energy efficiency and functionality in the coming years.
Without these improvements, many of these offices risk becoming obsolete or abandoned, just as demand for modern offices is particularly high, precisely because a significant part of the existing space needs upgrading and businesses are looking for better and more efficient workspaces.