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Retail, commercial land sectors booming

May 22, 2003
Hindrek Leppsalu

TallinnDevelopment of retail space in Tallinn is booming again. In 2002, some 80,000 square meters were brought "online", and in 2003 - 2004 a total of 100,000 square meters of new space is expected to reach the market, which will bring total retail space in the Estonian capital to 285,000 square meters. What's more, with the vacancy rate in Tallinn shopping centers currently at a very low 2 percent, the new space should be snapped up quickly.The largest development this year is the 50,000-squar ...

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