Baltic, Markets and Companies, Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 21:23

Colliers: Baltic office rental prices highest in Vilnius in Q1

BC, Vilnius/Tallinn, 27.05.2016.Print version
In the first quarter of the year 2016, the highest office space rental prices in the Baltic countries were in Vilnius and at the same time vacancy was the lowest in the Lithuanian capital, Colliers said in its Baltic property overview, cites LETA/BNS.

In the first quarter, the rental price of A class office spaces in Tallinn was 12.5-16.2 euros per square meter. In Riga the indicator was 13-16 euros and in Vilnius 14-17.5 euros per square meter. At the same time, 3-4% of such rental spaces were vacant in Tallinn, 7-8% in Riga and less than 1% in Vilnius.

 

The rental price of B1 class office spaces was 9-13.5 euros per square meter in Vilnius, 9-12 euros in Riga and 8.6-13.5 euros per square meters in Tallinn.

 

The vacancy rate was 4-5% in Vilnius, 7-8% in Riga and 5-7% in Tallinn.






Search site