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Baltic States Real Estate Market Review Q2 2020

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By Toms Andersons and Anastasija Ruža

by Colliers International

KEY FINDINGS:

INVESTMENT  
Capital markets continue to see a hiatus in activity even though H1-2020 investment volume in Estonia exceeded the total level achieved in  2019.

OFFICES
Q2 saw completion of several new office projects in all Baltic capitals, resulting in vacancy increase. Negotiation positions is turning in favour of tenants.

RETAIL
Retail is trying to recover from the severe shock to the sector caused by the COVID-19 outbreak as footfall and turnover has substantially decreased during the lockdown.

INDUSTRIAL
Industrial sector has been impacted less compared to other RE segments. Still, market activity was limited and construction tempo slowed down.

 

Q22019_THUMBNAIL

Baltic States Real Estate Market Review Q2 2020

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Related Experts
Toms Andersons | Colliers | Riga

Toms Andersons

Director | Research & Advisory

Riga

+371 67783333
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Working in the real estate and finance industry for more than 9 years. While working in the industry Toms, has gained wide spectrum of knowledge and extensive practical experience. Have been involved in development of numberless commercial, industrial and residential project business plans, as well has directed implementation of the largest real estate portfolio revaluation process in country. Currently working with research and advisory projects within all real estate sectors - feasibility studies, concept development projects and market research reporting.

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Anastasija Ruža | Colliers | Riga

Anastasija Ruža

Head of Marketing & PR

Riga

+371 67783333
+371 29262468
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Experienced Marketing&Communications Manager with a demonstrated history of working in the financial services industry. Marketing professional with a MBA focused in Marketing, business management from RISEBA, MBA.

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