Colliers Baltics, in collaboration with COBALT and Swedbank, has published its Commercial Real Estate Overview 2026, offering a comprehensive analysis of Baltic commercial real estate market trends, segment performance, and forward-looking insights across the office, retail, industrial, and investment sectors.
The overview reflects a year of gradual stabilisation and strategic recalibration across the Baltic property markets. Following a period characterised by elevated inflation, higher financing costs, and cautious investor sentiment, 2025 demonstrated improving momentum and a measured return of market confidence.
Across office, retail, industrial and investment sectors, selectivity remains the defining theme. Prime high-quality assets continue to attract demand, while secondary properties face increasing pressure to meet evolving sustainability and flexibility standards.
Investment activity remains measured but increasingly constructive, with market participants reassessing risk and exploring alternative deal structures. Gradually improving macroeconomic conditions and financing stability are supporting a cautious return of cross-border capital.
The Baltic region’s transparency, resilience and adaptability continue to underpin its attractiveness. While challenges remain, the outlook for 2026 is cautiously optimistic, with strengthening fundamentals and opportunities emerging for well-positioned, future-ready assets.
As part of the collaboration, COBALT prepared the legal and tax sections of the report, providing focused insight into regulatory developments and taxation considerations relevant to the Baltic commercial real estate market.
Read the full report for detailed data and analysis.
