Baltic Retail Figures Q2 2025

In Q2 2025 the modern Baltic retail market maintained its measured growth path, adding just under 16,000 sq m of new space while keeping a lively pipeline in motion across all three countries. In Lithuania, one new project was completed: the 4,500 sqm Retail Park at Islandijos pl. 30 in Kaunas, further strengthening the city's position as an important retail hub. Estonia marked a more dynamic quarter with the re-opening of Suve Keskus, an 11,000 sqm shopping center in Pärnu. However, Latvia’s contribution was only two Rimi supermarkets in Riga that together cover roughly 2,000 sqm. 

Retail demand in the Baltics remains mixed, with consumer and retail confidence still recovering unevenly across the region. In Estonia, YoY retail sales in June increased by 5%, supported by a rise in food and transport prices, despite persistently low consumer confidence (–35.6), gradual shift in consumer preferences and looming pressure from the July VAT hike. In Latvia retail sales declined by 2% (YoY), with food retail down 5%.