Vilnius Office Outlook, 2021 H1 | Newsec

Vilnius Office Outlook, 2021 H1

The market is waiting for the “back-to-office” season

More and more companies are adapting to the new reality, and implementing hybrid working from home and office models. Summertime and the somewhat improved ongoing pandemic situation are giving management the time and space to make balanced and survey-based decisions regarding further work organization. More rapid migration back to offices can be expected once a higher immunization rate has been reached. A bounce-back effect in lease transaction volumes and a return to higher market activity is already expected in the second half of 2021.

KEY INSIGHTS

  • Positive trends for the second half of the year.
  • Take-up reaches the midway of the annual forecast.
  • Large area agreements at the negotiation phase.
  • Stable rental rates.
  • The first half of 2021 saw the introduction of only 25% of the supply expected to arrive this year.


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