by Colliers International
Capital markets continue to see a hiatus in activity even though H1-2020 investment volume in Estonia exceeded the total level achieved in 2019.
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 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 sector has been impacted less compared to other RE segments. Still, market activity was limited and construction tempo slowed down.