Baltic Industrial Figures Q2 2025

In the Q2 2025, a total of nine I&L projects, or ca. 89,000 sqm, were completed across Vilnius, Kaunas, Klaipėda, Riga, and Tallinn. The completions have slowed down after a record-breaking year in 2024 and have had a YoY decrease of 47%. Approximately 50,000 sqm, or ca. 56%, of all new projects were commissioned in Riga, 38% across three Lithuanian cities, and just one in Tallinn. The total stock throughout the Baltics currently sits at ca. 5.5 m. sqm, of which 64% is attributed to Distribution & Logistics. 

Demand in the Baltic region remains subdued, with higher vacancy rates continuing after the influx of modern properties. Tenants increasingly prefer modern, efficient, and ESG-compliant buildings that enhance employee well-being, leading many larger tenants to relocate and leave older premises vacant. As a result, landlords of older buildings may need to consider modernization projects.