Although the office market has been relatively passive recently, there is ongoing demand for new, energy-efficient offices that offer added value. Prime city center locations and attractive nearby business districts remain highly sought after.
According to Aira Veelmaa, commercial real estate broker at UUS MAA Commercial, the companies making relocation decisions today are typically those with a very specific need—either their current lease cannot be extended or their office space requirements have changed. There are also many companies that have already made the decision to move and are simply waiting for their new office space to be completed. In older buildings, supply currently exceeds demand—even in affordable B- and C-class offices—because many of these spaces can no longer meet tenant expectations.
“We’re seeing a shift in what tenants expect from office space,” said Veelmaa. “Previously, offices were known for large, impressive lobbies and personal desks for each employee. Now, the trend is moving toward eco-friendly buildings and efficient use of space.” Hybrid work has created a need for layouts that support collaboration while also offering privacy and a more engaging work environment. Companies especially appreciate the ability to customize their offices to suit their needs.
As an example, Veelmaa highlighted Finsupport, a company that recently made the decision to move into the newly renovated office building at Maakri 23A. The key reason for their choice was the ability to design the office layout themselves.
“We work partially remotely and have designed shared workstations accordingly. We liked the layout of the Maakri building and the chance to furnish the space ourselves. The pleasant indoor climate and low utility costs, typical of environmentally friendly buildings, were also important. We’re moving in with 12 employees, and there’s room for a few more,” said Kaari Nairismägi, CFO of Finsupport. Founded two years ago, Finsupport OÜ supports companies in executing their business strategies. The company was prompted to look for a new office due to rapid growth and the desire for a bright, spacious, and stylish space.
Another clear trend, according to Veelmaa, is the growing importance of added value—many companies now prefer locations in the city center or business districts with a variety of nearby amenities and after-work options.
For example, BPW, a company with 25 years in the IT sector, began its office search when its previous lease ended and couldn’t be extended.
“We chose Maakri 23A because the central location is important to us. The developer’s promise to add a dining option in the building, along with existing nearby cafés, also played a role. A well-designed space helps our team start the day on a positive note. Even with hybrid work, we have frequent client meetings, and the city center offers quick access to all parts of town,” explained BPW.
Finsupport also cited location and proximity to restaurants and services as major factors in their office choice:
“We wanted to be close to hotels, the airport, and restaurants. Maakri has less noise and traffic than some other central areas. The street is small and pleasant. Maakri is stylish and not too large—an ideal business district for us,” said Nairismägi.
Source: DELFI
