Commercial projects

Commercial property is a real estate that brings profit, is planned to bring profit or is purchased with the aim to gain income on lease. Houses, buildings or premises where business or economic activity is carried out, as well as other public premises are all considered to be commercial properties. Vestbalt statistics show that office space is the most popular, most known and most demanded commercial property, but our database features also other types of commercial properties that could be of interest to the potential investors:

• Office and retail spaces;
• Industrial premises;
• Warehouses and sheds;
• House ownerships;
• Investment properties;
• Restaurants, clubs, bars;
• Hotels and recreation complexes.

Purchasing any kind of commercial property, the buyer’s aim is to gain profit on this property. According to the purchase aim, commercial properties can be divided into:

• Properties that would bring income on lease;
• Properties for further development;
• Properties where business activities will be carried out.

Often there are situations in the real estate market when a particular commercial property is positioned to the potential or existing client differently or even controversially. The reason for that most likely is the fact that there’s no unified and coherent classification of commercial properties that would be easily understood and implemented within both local and global market. This situation reduces the level of real estate market prestige, therefore a unified classification of commercial properties would benefit all parties of the commercial property market – developers, owners, investors and lessees.

Purchase, trade and lease of commercial property

Each commercial property is a specific real estate. If you have decided to purchase, lease or sell a commercial property, we highly suggest you turning to an expert of the respective sector – their knowledge and experience will allow you to avoid unpleasant surprises.

Vestbalt real estate agents who are specialized in commercial properties will not only help and consult you on all matters related to lease or sale, but also provide you with the news and current trends of commercial property market.

If you own a commercial property. We will help you lease or sell all kinds of commercial properties in Latvia quickly and to your benefit. Our agents’ experience, professionalism and our company’s vast client database allows us to give you a promise that we will find a lessee or buyer also for non-standard and specific commercial properties. We will create a professional offer (advertisement description, photos, plans, etc) that will be sent to potential clients. Our experts will define the most suitable target audience for your property and create its promotion strategy. We will supervise the whole process and pitch your property presentations. We will also provide all the necessary documentation.

If you are looking for a commercial property. We have access to comprehensive information on the commercial property offer in Latvia (also such objects that are not available to the public). With utmost regularity we keep track and update our list of properties available for auction. Auctions give you an excellent opportunity to purchase real estate for a price below market value.

Of course, rarely there are commercial properties with no hidden faults, situated in a strategically appropriate location sold for a good price. Such commercial properties usually are sold or leased very quickly. Therefore it is worth consulting with a real estate agents who constantly browse the latest offers and is very well informed about the market situation. Real estate agent is like a guarantee that you will be informed about an appropriate commercial property before anyone else manages to buy or lease it.