The number of internet users and e-shoppers is the driving force for e-commerce, that in turn increases the need for last-mile delivery & co-working concept buildings.

In the EU and neighbouring countries, 89% of the population had access to the internet in 2021. Estonia and Latvia with the access rate of 92% were ranked 17th and 18th, followed by Lithuania’s 88% that landed them on 24th place.

The share of population shopping online reached 73% in the EU in 2021. Despite Estonia getting a slightly better result than the EU’s average, the country still ranked 17th followed by Lithuania on 23rd and Latvia on 26th place.

The relatively high rate of internet users in the Baltics creates good soil for e-commerce to thrive, but as we can see, there is still some room for growth in terms of both internet users and e-shoppers’ penetrations.

There are more than 150 stock-office buildings in the Baltic market already. As over 60% of stock-office tenants are involved in retail or wholesale business, there’s no doubt that the increasing interest for e-commerce is one of the key factors that drives stock-office segment’s development.

FRED fund specialises in developing modern and energy-efficient stock-office commercial buildings. Contact us for further information.