Analytics, Baltic, Construction, Markets and Companies, Real Estate
International Internet Magazine. Baltic States news & analytics
Saturday, 20.04.2024, 03:35
Riga trailed Tallinn and Vilnius in construction of industrial and warehouse property in 2017
BC, Riga, 22.03.2018.Print version
Riga trailed Tallinn and Vilnius by construction of new industrial and warehouse property in 2017, Eriks Bergmanis, a partner at Colliers International real estate consultancy, said at the presentation of the latest Baltic real estate market overview, reports LETA/BNS.
Last year, 119,030 square meters of new industrial buildings and warehouses
were completed in Tallinn, 51,105 square meters in Vilnius and 23,500 square
meters in Riga.
Another 110,000 square meters of new industrial buildings and warehouses
are to be built by 2020 in Tallinn, 60,000 square meters in Vilnius and 44,000
square meters in Riga.