Baltic Office Figures Q2 2025

Around 30,000 sqm of multi-tenant space reached the market this quarter. Vilnius alone has a further ~117,000 sqm scheduled for completion before year-end, while Riga restarted the long-awaited 26,000 sqm Preses Nams Quarter project. Tallinn’s only opening was the build-to-suit Arter A-Tower (as a new Swedbank Tallinn HQ), underlining its shift toward refurbishments rather than speculative builds.

While leasing activity in Vilnius declined quarter-on-quarter, both Riga and Tallinn recorded moderate increases compared to Q1. However, only Tallinn posted year-on-year growth in demand. Across the region, technology and finance companies continued to drive leasing activity, with preferences shifting toward flexible, energy-efficient premises and higher fit-out quality.