German Russian BETA Finnish Norwegian translation powered by
Mobile version »

RUB 0.0000

USD 1.0647

GBP 0.8680 See all »

Not much office space available in Riga

By Anatol Steven. 09.12.2014

print | e-mail

Riga’s commercial property market increasingly cramped

Riga’s commercial property market is livening up because entrepreneurs want to improve their working conditions, new analysis by property firm Arco Real Estate suggests.

“Tenants are more and more frequently faced with limited options when searching for offices fulfilling their requirements,” says Guntis Kanenbergs, head of Arco’s Commercial Space Department.

Arco Real Estate’s latest commercial property market overview states that supply in Riga’s office rental market consists of more than 600,000 square meters of Class A and B lease space in 71 office centers.

Since so many Class A buildings are used by banks, the chance of leasing such high-quality space is limited. So tenants use Class B space with high-level technical equipment instead. But the amount of vacant Class A and B office premises is decreasing.

However, Arco says it is likely that the supply of high-class commercial space will increase soon, once the Z-Towers project in Pārdaugava opens, as well as new office space in the Skanstes Street area.

[pictured: Z-Towers project]


RigaNOW subscription for 12 months
--- EUR


.|.|.|.|.|.|.|.|FQNN41TCHZ"> .|.|FQNN41TCHZ').|.|.|.|.|.|.|.|.|1:|100%|100%|100%&chxp=1,0,,100'; var firstArrayScaled= scaling(array0); var secondArrayScaled = scaling(array1); var thirdArrayScaled = scaling(array2); var chartBaseUrl = ""; var chartParams = "cht=lc&chco=ff0000,00ff00,0000ff&chs=307x155&chdl=OMXT|OMXR|OMXV&chdlp=b&chxt=x,y&chg=10,20,2,0"; var values = "&chd=e:"; var title = "&chtt=Baltic%20market%20indexes"; values = values + extendedEncode(firstArrayScaled) + "," + extendedEncode(secondArrayScaled) + "," + extendedEncode(thirdArrayScaled); $('#chartExc').html(''); } function scaling(values) { var ymin=0; var ymax=4095; var arraylength = values.length; var newvalues = new Array(); for (var i=0; i= 0) { firstChar = encodingString.charAt(Math.floor(currentValue/esln)); secondChar = encodingString.charAt((currentValue % esln)); chartData.push(firstChar+secondChar); } else { chartData.push('__'); } } return chartData.join(''); } loadExc();
RIGBID 1M () -

Riga Hotels | Riga Dining  | Riga Entertainment  | Riga Shopping  | Riga Business | Riga Excursions | Riga Hip Riga
Contact Us | Copyright | Advertise | Newsletter | RSS Newsletter | Mobile version
Copyright © 2001-2023 SK Media Group ® All Rights Reserved