Buoyant Vilnius and Tallinn real estate market reaches to pre-2008 crisis level

  • 2016-11-02
  • Saulius Vagonis
New large service centres of international corporations established in the Lithuanian capital Vilnius and the expansion of already operating well-known companies have given the office market a really strong boost. The second half of 2016 promises abundant developments in the office market in Vilnius. Six new projects will be completed this year offering 82,600 per square metre (sqm) of office space. Since no new business centres were opened in the first half of the year, the vacancy rate in Vilnius business centres decreased to 3.5 per cent at the end of Q2 (the lowest figure since mid-2008...
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