At the beginning of 2016, modern office stock in Tallinn equalled 654,000 m². New office deliveries in Tallinn totalled 44,000 m² in 2015) and caused active movement of tenants from older to new premises. In 2016, slightly over 55,000 m² of new offices are expected to be delivered, which will be the largest construction volume recorded since 2010. Office development activity in Tallinn has started to move from the outskirts back to CBD and the city centre. Moreover, the CBD area is shifting from the beginning of Narva and Tartu Roads towards the sea. Being developed in this location is the Rotermanni Quarter plus Navigator and Explorer buildings, as well as Porto Franco.
Source : BNP Paribas Real Estate