BRE Baltics has prepared Baltic Market Outlook for the first half of 2022. According to CBRE Baltics, the economic backdrop is becoming more challenging in the Baltics, and a period of a mild recession is becoming more realistic. Commercial real estate reacts to uncertainty. Thus, an intense run for quality assets has arisen.

At the beginning of 2022, CBRE Baltics forecasted a recovery path for the Baltic economies, with the pandemic entering the endemic stage. However, given the geopolitical tensions, the awaited post-pandemic recovery is likely to progress to a recession.

• Baltic economies demonstrated resilience over the pandemic, but are now threatened by recession.
• Quality offices: Challenges in disposing of tertiary space and acquiring prime space.
• Retail sales seized the post-pandemic opportunity, and retail turnover increased.
• Development volume of modern industry speculative stock is now scarce across the Baltics.
• Fundamentals that support rental residential sector growth are becoming increasingly important

Read the entire report HERE.