Vilnius Office Outlook 2025 H1 -

Vilnius Office Market Outlook 2025 H1

The first half of 2025 shows a market in transition as the Vilnius office sector continues to expand while demand remains cautious. Rising stock levels, moderate take-up, and shifting tenant strategies are shaping a period defined by high supply, selective leasing, and longer decision cycles.

Vilnius added 8,200 sqm of new office space in H1 2025, bringing total modern stock to 1.166 million sqm. Although new supply was modest early in the year, the pipeline remains highly active, with more than 130,700 sqm under construction and major projects such as HERO, Business Stadium Central, Sąvaržėlė, Tec Zity, and several boutique developments in Žvėrynas progressing toward delivery in late 2025–2026. If completed as scheduled, annual supply could reach 123,800 sqm, one of the strongest volumes in recent years.

Take-up reached 50,000 sqm in H1 — below the long-term average — reflecting ongoing cost management, hybrid work adjustments, and prolonged negotiation timelines. Activity is driven mainly by consolidation, not expansion, as tenants prioritise efficiency, ESG-ready space, and employee-centric environments.

Vacancy remained stable overall at 8.1%, but dynamics diverged by segment:

• A-class vacancy decreased to 5.6%, supported by demand for high-quality, future-proof buildings.
• B-class vacancy rose to 10.2%, marking a multi-quarter upward trend as older assets face longer marketing periods and higher churn.

With more than 95,000 sqm standing vacant — the highest on record — the market remains firmly tenant-driven. Incentives and competitive positioning are intensifying, especially among older or less adaptable buildings. Rising supply is expected to lift total vacancy toward 9.2% by year-end, making pre-leasing performance in upcoming CBD projects a critical test for market confidence.

Across Vilnius, the shift is clear: tenants are choosing quality over quantity, sustainability over expansion, and adaptability over traditional footprints. This is setting the foundation for a more structurally segmented office market heading into 2026.