Riga Office Market Snapshot, Q3 2020

  • New office construction activity remained low, but with strong development in the pipeline.
  • The acquisition of Citadele Bank HQ by Lords LB Baltic Green Fund (V), concluded in Q3 2020, is the largest investment transaction in the Baltics in 2020 currently.
  • Take-up in Q3 2020 was 1.5 times greater than the previous quarter. It stood near the same level as  Q3 2019. New international occupiers keep choosing Riga as an office destination.

 

See full snapshot here.