Although Tallinn and Vilnius outpace Riga in terms of construction activity, with the new developments in the Latvian capital being mostly focused in Riga, Jurmala and the suburban areas of Riga, the situation is expected to improve significantly over the next two years as ca. 100,000 square metres of retail space and ca. 60,000 square metres of office space, now under construction, will be added to the market. The Baltic Times asked Aldis Riekstins, Board Member & Head of Customer Service at Latio, one of Riga‘s premier retail estate agencies, to answer the questions.
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