Colliers | Baltic States Real Estate Market Review Q2 2020

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.

Baltic States Real Estate Market Review Q2 2020

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Diana Lebedenko

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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

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+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).

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