Annual Real Estate Market Overview 2019

                                                                                                                                                                                                                                   Reach out to us for the Report! 
The 16th Colliers International annual overview covers commercial real estate market trends and forecasts as well as the latest statistics and insights for all three Baltic States.


  • The Baltic economy maintained its growth last year and the positive tendency continues in 2019.
  • All markets are still developing in 2019 and we expect to see ca 900,000 sqm of new supply of commercial space in the years to follow in all three Baltic capital cities.
  • The Baltic office market has continued to demonstrate consistent activity, resulting in high development activity and buoyant demand.
  • E-commerce continues to grow but its market share of total retail is still relatively low due to lack of proper supply chains.
  • Total volume of investment in commercial real estate in the Baltics exceeded 1 bn EUR, increasing by 19% higher than a year before
  • Baltic investors were the most active in the market, responsible for 65% of total volume in the Baltic States, followed by international and Nordic investors, accounting for 19% and 13% of total volume respectively.

Related Experts

Ramune Askiniene

Director | Partner


Ramune Askiniene is a Partner and Director at Colliers International in Lithuania, joined the company in 2005 as a market analyst responsible for market research. More than the last 10 years of work on highest and best use analysis, feasibility studies, concept planning, economic-financial analysis, due-diligence has formed her solid and professional industry knowledge, complemented by global know-how experience. Under her management, a great number of analytics projects in all segments of the Lithuanian real estate market was completed successfully (including but not limited to development studies prepared for industrial properties covering a total area of over 700 hectares).

In addition, Ramune is actively involved in valuation and investment projects (recent transactions: sale of Dobrovole LC with a total area of 17,050 sqm in Vilnius, DSV LC portfolio sale in Vilnius, Riga, Tallinn, a total of 32,900 sqm). Ramune also actively participates in professional trainings, seminars and conferences as well as periodically gives presentations for the community of valuators.

View expert

Sandra Jovaisaite

Director | Partner Brokerage Department


I am a  Director of CRE Brokerage Department in Colliers International. Together with my consultants team we manage lease transaction processes across retail, office and industrial sectors. My main specialization as a professional advisor is office occupiers’ solutions.


I provide - representation services to corporate clients. Advice on RE strategies tailored to your business needs including optimal location, lease module and negotiation of commercial terms. Overall support and after care.


Executive MBA in Business Management ISM 2018 - 2019. Bachelor’s Degree (Honours) in Property Studies of GMIT, Ireland  Participation in various conferences, seminars and trainings related to real estate field. Colliers University Camp.

View expert

Regimantas Kacevicius



With more than 8 years of experience in real estate, I have been specializing in Lithuanian industrial and logistics sector for the last 2.5 years before joining Colliers International team.

View expert

Diana Lebedenko

Senior Market Analyst


Diana is a Senior Market Analyst at the Consultancy Department who joined the Colliers International team in 2016. Diana is responsible for research and analysis on commercial real estate market across office, retail, and industrial sectors as well as the residential market. Diana also performs real estate investment market research and analysis. Her scope of work also covers economic research and analysis. 

View expert