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Serviced offices in Latvia
Serviced offices in Latvia
Serviced offices in Latvia
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market overview
Latvia offers a mature serviced office market on the Baltic
Serviced offices sit at the centre of Latvia’s flexible workspace market, which is effectively a single-city market built around Riga. Supply is largely around the CBD around Skanstes, the historic centre and the Jauna Teika business park, and the city’s flex pool is mature by regional standards, with Riga commanding the premium tier of national pricing.
Within Riga, the CBD around Skanstes holds the modern corporate stock, the historic centre serves firms wanting a central address, and the Jauna Teika business park extends the modern supply. Beyond the capital, secondary cities offer materially more accessible space, but serviced supply concentrates overwhelmingly in Riga.
Occupiers reflect Latvia’s role as a Baltic transit and services economy. Major Latvian banks and Nasdaq Riga anchor the financial core, while manufacturing exporters in wood products and food processing, a growing IT services cluster, logistics businesses and shared-services and shipping headquarters make up the wider base. Suites are private and fully fitted with reception included, on agreements from one month upwards with rolling monthly or 12-month terms, against conventional Latvian leases that typically run three to five years with tenant fit-out liability.
Key Industries
What type of companies are based in Latvia?
Manufacturing
Technology
Logistics and Supply Chain
Financial Services
Tourism and Hospitality
Workspace types
Other types of workspaces in Latvia
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