Important specialized building, erected in the period of the Cretan State. It is cross-shaped in plan, influenced by the buildings of the so-called Iron Age of the 19th century, which characterizes the period of the Industrial Revolution. The building is distinguished by its elegance and good balance and preserves in schematic form the typical features of the late Neoclassicism.

The building of the Market was founded on April 14, 1911 by the Municipal Manolis Mountakis and was inaugurated on December 4, 1913 by the Prime Minister, Eleutherios Venizelos, during the celebration of the Union of Crete with Greece. Since then it has been used as the town's public market.