A research produced by DTZ
Although upsurge on industrial real estate market generally depends heavily on the pan-European recovery, positive changes in the segment were already observed in all three countries during 2013. This trend is expected to continue also in 2014.
With vacancy rates down to single digits, the shortage of new high quality premises created opportunities for new developments and slight expansion of industrial market. Several projects are under construction in all three Baltic States, with expected commissioning in 2014 and 2015. Short-term vacancy rates will increase only marginally, because the majority of the premises are already pre-leased prior to commissioning.
Slight increase in rental rates observed in 2013; however potential growth in 2014 is expected to be insignificant.
In all three Baltic States, industrial / logistics properties are faced with growing demand also on the investment market. A number of small and large scale transactions were completed in all three countries.
Source : DTZ (Groupe UGL)