In addition to three large office projects under construction in Riga: Verde, Preses Nams and Novira Plaza, Q2 2021 saw the start of construction work on the Zeiss office building with around 89,000 sqm of mostly Class A office space.

Q2 2021, the logistics sector helped the industrial market in Riga to gain momentum.

Increasing demand could help to keep vacancy stable when new objects enter the market. 2 new industrial objects were commissioned during Q2, including the first part of Rumbula Logistics Park stage II and DHL Riga Airport LC.