Colliers | Q3 2020 BALTIC STATES PROPERTY SNAPSHOT

Research & Forecast Report

KEY FINDINGS:

INVESTMENT
Investors got more active in Q3 2020, resulting in a slow but continuous recovery in the investment market in Latvia and Lithuania.

OFFICES
Development of office space never actually stopped in all three Baltic capitals, though demand remained rather calm during the summer months.

RETAIL
Retail sector is continuesly trying to recover from the severe shock to the sector caused by the COVID-19 outbreak.

INDUSTRIAL
Industrial sector has suffered least during the COVID-19 outbreak. Modern warehouse space remains in demand and occupiers are looking for better quality premises.

Q3 2020 BALTIC STATES PROPERTY SNAPSHOT

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Related Experts

Diana Lebedenko

Senior Market Analyst

Vilnius

+370 5 2491212

Diana is a Senior Market Analyst at the Consultancy Department who joined the Colliers International team in 2016. Diana is responsible for research and analysis on commercial real estate market across office, retail, and industrial sectors as well as the residential market. Diana also performs real estate investment market research and analysis. Her scope of work also covers economic research and analysis.

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Ramune Askiniene

Director | Partner

Vilnius

+370 5 2491212

Ramune Askiniene is a Partner and Director at Colliers International in Lithuania, joined the company in 2005 as a market analyst responsible for market research. More than the last 10 years of work on highest and best use analysis, feasibility studies, concept planning, economic-financial analysis, due-diligence has formed her solid and professional industry knowledge, complemented by global know-how experience. Under her management, a great number of analytics projects in all segments of the Lithuanian real estate market was completed successfully (including but not limited to development studies prepared for industrial properties covering a total area of over 700 hectares).

In addition, Ramune is actively involved in valuation and investment projects (recent transactions: sale of Dobrovole LC with a total area of 17,050 sqm in Vilnius, DSV LC portfolio sale in Vilnius, Riga, Tallinn, a total of 32,900 sqm). Ramune also actively participates in professional trainings, seminars and conferences as well as periodically gives presentations for the community of valuators.

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