Renting commercial properties in Belgrade - what are the costs in 2025?

Renting commercial space in Belgrade center is an opportunity considered by many entrepreneurs, especially those in the hospitality industry. Bistro, café, or fast-food owners often first consider locations such as Republic Square, Dorćol, and Vračar. It is true that these city locations are the most sought-after and hold significant potential for business growth.

It is also well known that the premises in these municipalities are among the most expensive in the capital. In this blog, we reveal current prices and the factors that influence them.

Rental prices for commercial spaces in Stari Grad

Rental prices in areas near Republic Square vary depending on the size and specific advantages of a particular location, such as orientation toward pedestrian zones, main roads, and proximity to other significant establishments that ensure high foot traffic.

Due to numerous factors, it is impossible to set a fixed price per square meter. A very small space, under 20 square meters, located between Terazije and Kneza Mihaila Street, rents for €3,000 per month because it includes all the aforementioned advantages.

However, as you move further from Republic Square, rental prices decrease. Near Studentski Trg, a 23 m² space costs €60 per square meter, meaning the monthly rent is estimated at €1,380. The rental price for medium-sized spaces in Dorćol, 50-60 m², is around €30 per square meter.

Palilula – Business premises and office spaces

The old part of Palilula, from the city center to the Pančevački Bridge, is considered a desirable location for renting commercial spaces in Belgrade and is more affordable than Stari Grad. In this municipality, spaces are mainly rented by bakery owners, pharmacies, and small markets.

Streets in Palilula have more residential than commercial spaces, so apartments are often rented out to public notaries, lawyers, dentists, and legal entities in related fields. When it comes to apartment rentals, different pricing rules apply compared to commercial spaces.

Vračar and New Belgrade – Locations with great potential

Regarding the broader city center, Vračar and New Belgrade are municipalities with a wide range of spaces for hospitality and entrepreneurial businesses. Vračar is dominated by larger spaces, averaging 100 square meters. Realistic prices for such spaces are about €15 per square meter. Generally, larger total areas reduce the price per square meter.

The market remains the most significant factor determining prices. Although residential property prices have significantly increased in recent years, inflation has not had the same effect on commercial spaces. This is because tenants must align rental prices with the income their business generates, meaning there aren't many firms or entrepreneurs who can rent spaces at above-market prices.

This is an important message for commercial property owners, who are advised to set prices in line with current market conditions. A correctly set price guarantees faster leasing. An example of a successful strategy is a 50 m² space in New Belgrade, in Antifašističke Borbe Street. This space, listed at €1,000 per month, was rented out in less than two weeks thanks to a realistic and competitive pricing offer.

How much can entrepreneurs pay for rent in Belgrade?

In retail and hospitality, many businesses follow the rule that rent should not exceed 10% to 20% of expected monthly revenue to leave enough funds for operational costs such as wages, procurement, and taxes.

If you are just starting a business and don't know how much income to expect, analyzing the market, assessing the buying power of consumers in a particular area and the competition nearby are ways to make an informed decision. Not sure how to calculate these factors yourself? The City Expert team will handle the entire analysis process and find a space that meets your specific needs. Contact us for a personalized offer and consult your dedicated agent, who will quickly select suitable options from the current listings.