Kaunas Office Outlook, 2026 H1
After years of limited supply, Kaunas finally has new A-class space — and vacancy rose to 5.3% as a result. That is not weakening demand but the arrival of choice: companies that postponed relocations now have credible alternatives, and the market is entering a more competitive phase.
↓ Parsisiųsti
Kaunas added 10,600 sqm of modern office space in H1 2026, lifting total stock to around 297,000 sqm. The completion of Hermanas in Nemunaičiai was the strongest half-year expansion in several years. A further 12,900 sqm is expected in H2, bringing full-year additions to roughly 23,500 sqm.
Overall vacancy rose from 3.8% at the end of 2025 to 5.3% at mid-2026, concentrated almost entirely in A class, where it reached about 14.6%. B-class vacancy remained tight at approximately 3.0% — the shift reflects the timing of new supply, not a loss of occupier demand. Prime asking rents reached 19.0–20.0 EUR/sqm/month and A-class rents 16.0–18.5 EUR/sqm/month, while the B-class range widened to 8.0–16.0, reflecting growing differences in building quality and operating costs.
The throughline: with only ~17,300 sqm left in the 2026–2027 pipeline, around 6% of current stock, new supply is creating choice rather than oversupply. The real test comes when major relocations release large blocks of older space, widening the gap between modern offices and secondary stock.
Source: Newsec Kaunas Office Outlook, 2026 H1
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