Office premises sector in Lithuania is recovering

In view of the results of the first half of the year, we can say that the commercial premises sector in Lithuania has already resolved its major problems, but the optimism that characterised this market a few years ago is still not to be seen. Despite further decreases in rents and sale prices in the individual segments of the market (retail and warehousing premises), the first positive changes can be observed in the modern office premises sector that was most hit by the crisis. The current situation in the commercial premises market could be called a wait and see stage, i.e. after a considerable drop in both market prices and demand, the occupancy indicators of the premises are improving slightly, however the market is still very slack and any developments can only take place with the start of the expected economic recovery.