Office space for rent in Riga
Class A and B+ offices in the centre and business parks
How much does office rent cost in Riga?
Class A office base rent in Riga averages €14–18/m²/month and Class B €8–13/m²/month (Rentful market data, July 2026). Base rent is a net figure: add a service charge of roughly €2.00–2.50/m², utilities and VAT, so total occupancy cost typically runs 25–35% above base rent. Rentful tracks 112 classified office buildings in Riga totalling over 850,000 m² — 29 Class A buildings (~406,000 m²) and 83 Class B buildings (~447,000 m²).
- Class A: €14–18/m²/mo
- Class B: €8–13/m²/mo
- Service charge: €2.00–2.50/m²
- 112 office buildings, 850,000+ m²
Frequently asked questions
How much does it cost to rent an office in Riga in 2026?
Median Class A base rent in Riga is €14–18/m²/month; Class B is €8–13/m²/month (Rentful market data, July 2026). For example, a 300 m² Class A office at €16/m² costs €4,800/month in base rent, plus roughly €750 in service charges and utilities on top — about €6,000/month excluding VAT.
What is the difference between Class A and Class B offices?
Class A means new or fully renovated buildings with efficient floor plates, mechanical ventilation with cooling (VRV or chilled beams), parking and often a BREEAM or LEED certificate. Class B buildings are older with simpler technical systems, but rent 30–45% cheaper. In Riga the median service charge is about €2.50/m² in Class A and €2.00/m² in Class B.
What costs come on top of the base rent?
Office leases in Latvia are typically net leases: on top of base rent you pay a service charge (€2.00–2.50/m²/month), utilities on actual consumption, parking (usually €50–150/month per space in the centre) and 21% VAT. Annual indexation linked to a consumer price index is also standard.
How long is a typical office lease in Riga?
The standard term in Class A buildings is 3–5 years, up to 7 years for larger tenants. Class B buildings often accept 1–3 year terms. A security deposit or bank guarantee of 2–3 months’ rent is customary, and landlords often trade rent-free months or a fit-out contribution for a longer commitment.
How much office space do I need per employee?
Plan on 8–12 m² per workstation: open-plan offices run closer to 8 m², layouts with private offices and more meeting rooms need 10–12 m². For a team of 25 that means roughly 200–300 m². With hybrid work and desk sharing, the requirement often drops 20–30%.
Which Riga districts have the main office hubs?
The main office districts are the city centre and Quiet Centre (prestige addresses), Skanste (the newest Class A projects), Teika and the VEF area (tech companies) and the Mūkusala embankment on the left bank (business centres with easy access). Outside the centre rents are lower and parking availability is significantly better.