This post was automatically translated into English
The Klaipėda commercial premises market differs from Vilnius and Kaunas, primarily due to the popularity of smaller offices, up to 100 sq. meters, as well as the lack of new and functional offices.
Klaipėda’s commercial premises market differs from Vilnius and Kaunas, primarily due to the popularity of smaller offices, up to 100 sq. meters, as well as the lack of new and functional offices. According to real estate experts, the differences in the port city are determined by the fact that the average number of office employees in the third largest city of Lithuania is almost five times lower than in Vilnius.
“Due to the peculiarities of the port city market, investments by real estate developers also differ. Large business centers are rarely built in Klaipėda, where the largest possible floor area is designed. The most commonly chosen format is a compact business center of up to 5 thousand sq. meters, where it is easy to design small office spaces that meet the needs of Klaipėda businessmen,” says Ramūnas Padelskas, leasing manager of the company “Eika”, which owns “Baltijos verslo centras” in the port city.
According to a real estate expert, in Klaipėda, people are most often looking for high-quality equipped and functionally designed offices with an area of 30-50 sq. meters. Rational management of office operating costs is extremely important for tenants, but only a small part of business centers can offer individual accounting of heating, electricity and water for premises. The leasing manager warns that it is precisely the general accounting of operating costs in business centers that increases the costs for the office tenant. The managers of such centers, usually old buildings, tempt you to settle at a lower rent, but only in rare cases do savings occur.
Klaipėda residents, compared to businessmen from the capital, are more likely to want to become office owners, which is why the company “Eika”, which manages the “Baltic Business Center” in the port city, offers its clients a lease-back office. “This is a safe option, since tenants have the opportunity to try out the office for two years by paying rent, and after two years decide whether to purchase the office or continue the lease. In the case of a lease-back, the office tenant will not lose the rent paid for two years. In this way, a lease-back agreement is an excellent alternative to a bank loan,” says R. Padelskas.
“Baltic Business Center” is also chosen as an investment object – office premises are purchased together with a tenant. The investor receives a monthly rent, which is paid by the office tenant. “The attractive thing is that the investor does not need to look for a tenant. We sell already leased offices. Lease agreements are long-term, so the new owner of the premises does not need to worry about the return on investment,” says a representative of “Eika”. A property management service is also offered, so the investor simply receives income, he does not need to worry about accounting for operating fees or maintaining the premises.
About the Eika group of companies
Founded in 1992, EIKA is one of the largest real estate development and construction groups in Lithuania, successfully developing residential, commercial, public and other building projects, creating a new quality of life and work. The company has already built more than 3,000 apartments and 270 thousand square meters of buildings. Eika has been awarded many times as the best real estate developer in Lithuania, and the company’s projects “Santariškių namai” and “Eikos namai Pilaitė” have also become the best in Lithuania.
More information:
Ramunas Padelskas
Rental Manager
Mobile: +370 618 21260
Email. [email protected]