Office market overview 2026

Office market overview 2026

2026. year 27. February

  • The Riga office market in 2026 continues to reflect clear tenant-favourable conditions, driven by cautious demand, a relatively high vacancy rate, and growing competition among landlords. In both the A and B class office segments, rental level differentiation persists, while developers are becoming increasingly selective when launching new projects.
  • The report provides up-to-date information on vacancy rates, rental levels, major leasing transactions (above 800 m²), and the most significant office developments in Riga and its emerging business districts. It also analyses market forecasts and the key factors shaping the commercial real estate sector in 2026–2027.
  • Explore the full Riga Office Market Analysis 2026 to gain a data-driven overview of market trends, rental dynamics, and development outlook.

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