Re­tail chains snap up empty stores, bol­ster­ing rental rates

Kathimerini English - - Focus -

rates in a num­ber of pop­u­lar shop­ping dis­tricts in Athens and Thes­sa­loniki posted their first in­crease since 2008 last year, as re­tail chains rushed to make the most of the huge stock of empty stores to ob­tain high-pro­file lo­ca­tions. Rental rates rose on Er­mou Street in cen­tral Athens, in Ki­fis­sia (pic­tured), north­ern Athens, and in Gly­fada, south­ern At­tica, as well as on Tsimiski Street in Thes­sa­loniki, ac­cord­ing to fig­ures com­piled by the Pro­prius prop­erty ser­vice com­pany, which rep­re­sents Cush­man & Wake­field in Greece.

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