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Industrial & Logistics Market Snapshot | February 2023

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High uncertainty among tenants and developers initiated temporary delays in development and leasing processes.

Energy cost increases caused ambiguity among market players, raising concerns about availability of natural gas in the heating season and high utility cost levels. However, the situation stabilised before year end.

High demand and low availability of new speculative industrial projects led to unprecedently low vacancy levels.

Rental rates, especially for new developments, continued to rise.

Read full version of industrial and logistics snapshot by clicking on the link below:

Industrial and logistics snapshot Spring 2023

Industrial & Logistics Market Snapshot | February 2023

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Kaspars Grazulis

Associate Director | Industrial & Land Agency


After few years with personal projects in May 2010 I started to work in real-estate market.  For more than 4 years I worked in local real-estate company and in September 2014 I made challenging decision aimed to my professional growth and started working for Colliers International. My main field in Colliers is Industrial  & logistics projects and land. 

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