Offices in Latvia
According to the Central Statistics Bureau of Latvia, for the past 7 years (2010 to 2017) 632 office building permits for 687 400 m2 of office floor space have been issued. Out of these, 74 600 m2 are still in development in 2017. This is a significant increase compared to the last two years (2015 and 2016), when the numbers have been notably lower - 12 300 m2 of new office space in 2016, and even less than that in 2015. It is projected that by 2020 the total office space will increase by 137 000 m2.
Approximately 88% of all the office space in Latvia is Class B offices. Out of them, 67% are general purpose offices and 33% - built-to-suit spaces, meaning they have been tailored to the particular needs of a client in the construction process. Naturally, most of the built-to-suit spaces are constructed for big companies who can afford them, and at the same time most of them are also Class B, which indicates the high quality of Latvian Class B offices.
As of 2017, there are 72 major office complexes in Riga, the capital of Latvia. Out of them 19 are located either in the centre of the city, or in the immediate vicinity. Other 53 complexes are roughly equally distributed between the left and the right side of the river Daugava, which divides Riga in halves. The majority of them are located in the centre, south-west and north-east of the city. The north-west and the south-east, accordingly, mainly contain smaller office buildings, if any.
Tom Net
Offices in Latvia
According to the Central Statistics Bureau of Latvia, for the past 7 years (2010 to 2017) 632 office building permits for 687 400 m2 of office floor space have been issued. Out of these, 74 600 m2 are still in development in 2017. This is a significant increase compared to the last two years (2015 and 2016), when the numbers have been notably lower - 12 300 m2 of new office space in 2016, and even less than that in 2015. It is projected that by 2020 the total office space will increase by 137 000 m2.
Approximately 88% of all the office space in Latvia is Class B offices. Out of them, 67% are general purpose offices and 33% - built-to-suit spaces, meaning they have been tailored to the particular needs of a client in the construction process. Naturally, most of the built-to-suit spaces are constructed for big companies who can afford them, and at the same time most of them are also Class B, which indicates the high quality of Latvian Class B offices.
As of 2017, there are 72 major office complexes in Riga, the capital of Latvia. Out of them 19 are located either in the centre of the city, or in the immediate vicinity. Other 53 complexes are roughly equally distributed between the left and the right side of the river Daugava, which divides Riga in halves. The majority of them are located in the centre, south-west and north-east of the city. The north-west and the south-east, accordingly, mainly contain smaller office buildings, if any.
https://propertyguide.lv/en/types/usage/commercial/offices/