Vilnius Office Outlook, 2026 H1
The first half of 2026 shows a market moving toward balance, as leasing activity accelerates and vacancy declines. Take-up rose 63% year-on-year while vacancy fell to 8.4%, and new construction is slowing to its most limited pace in years, giving recently completed buildings time to fill.
↓ Parsisiųsti
Vilnius office take-up reached approximately 81,900 sqm in H1 2026, up 63% on the same period of 2025. Activity was concentrated in Q2, which alone accounted for 55,600 sqm. The largest deal was Vilnius City Municipality's ca. 14,000 sqm lease in Simbiocity Alfa and Delta, though private-sector demand also picked up: Citco signed for ~5,400 sqm in HERO and Omnisend for 3,000 sqm in Sąvaržėlė.
Stronger leasing and limited new deliveries pushed overall vacancy to 8.4% at the end of Q2, down from 9.7% in Q1. A-class vacancy stands at 10.2%, B-class at 6.6% — the gap reflects the recent supply cycle, with most available space sitting in a few recently completed projects still in their initial leasing phase. Five projects added ~40,000 sqm in H1, lifting total modern stock to 1.282 million sqm. Full-year new supply should reach around 54,000 sqm, well below the 84,500 sqm delivered in 2025.
Headline rents held steady at 19.0–23.0 EUR/sqm/month for prime, 16.0–20.0 for A-class and 12.0–16.0 for B-class. Most pricing movement is happening inside lease incentives rather than asking rents.
The throughline: demand is driven by relocations and quality upgrades rather than expansion, with many occupiers taking better space at a similar footprint. Full-year take-up is forecast at around 120,000 sqm. Modern, well-located buildings should capture the strongest demand, while older properties face growing pressure to refurbish or loosen terms.