New Baltic Market Outlook by CBRE Baltics

Aug 23, 2022

BRE Baltics has prepared Baltic Market Outlook for the first half of 2022. According to CBRE Baltics, the economic backdrop is becoming more challenging in the Baltics, and a period of a mild recession is becoming more realistic. Commercial real estate reacts to uncertainty. Thus, an intense run for quality assets has arisen.

At the beginning of 2022, CBRE Baltics forecasted a recovery path for the Baltic economies, with the pandemic entering the endemic stage. However, given the geopolitical tensions, the awaited post-pandemic recovery is likely to progress to a recession.

  • Baltic economies demonstrated resilience over the pandemic, but are now threatened by recession.
  • Quality offices: Challenges in disposing of tertiary space and acquiring prime space.
  • Retail sales seized the post-pandemic opportunity, and retail turnover increased.
  • Development volume of modern industry speculative stock is now scarce across the Baltics.
  • Fundamentals that support rental residential sector growth are becoming increasingly important

Read the entire report HERE.

< Back to News


Kyndryl Latvia


We are very pleased to be part of AmCham and are looking forward to driving innovation forward in Latvia.

Mikko Fernström, General Manager, Biogen Latvia

AmCham is a place to meet representatives of other industries and understand the business environment.

Signe Velina, Market Access Manager Latvia of Johnson & Johnson