Pipeline of 900,000 sqm to be delivered in the Baltics
Investment & financeschedule 15 April 2019
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BALTIC STATES All the economies of the Baltic states maintained their growth last year and the rises look set to continue into 2019. Around 900,000 sqm of new commercial space is now planned to be delivered across all three Baltic capital cities, according to the latest report by Colliers International.
A great deal of activity has been seen on the office markets in all three Baltic capitals, which has resulted in high levels of development and buoyant demand.
The development on the retail market was largely down to the development of DIY stores in Lithuania. Recently the T1 Mall opened in Estonia and an Ikea store opened in Latvia. Many shopping centres are now being renovated and tenant mixes are changing with the introduction of new concepts and brands. E-commerce continues to grow but its
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