Tel: 0800 084 3061 | Tel (International): +44 20 3051 2375 Get office space prices
Last updated on

Vilnius Office Space Guide

Vilnius

[Updated Oct 2020] A guide to serviced offices and flexible office space to rent in Vilnius as well as general information that may be useful if you are considering renting office space in the city.

For further Vilnius offices information or to search office spaces to rent in Vilnius just click. Or contact us for any office space search query.

History & Geography

The capital of Lithuania lies in the southeast of the country where the Vilnia and Neris rivers meet, almost 200 miles from the Baltic and close to the border of Belarus. It so happens that this point is considered the direct centre of Europe, a fact which has played a large part in the city’s history. Vilnius started life as a castle owned by the King of Lithuania, Mindaugas. Over time a large settlement grew up around the castle and became a town in its own right. Eventually, Vilnius became the capital of Lithuania, in part because of the strategic importance of its castle, but also because of the advantage of being on the confluence of two major rivers. During the 14th and 15th centuries, Lithuania prospered and expanded, but was torn apart during the Lithuanian Civil War from 1389 to 1392. During the war, Vilnius was besieged and subsequently largely destroyed. However after the war, the city was rebuilt, and at the beginning of the 16th century, strong city walls were constructed. Vilnius continued to expand and its population was swollen by immigrants from Russia, Germany, and Poland. During the Great Northern War in the early 18th century the Swedish army looted Vilnius and much of it was damaged. At the end of the 18th century, Vilnius fell under the sway of the Russian Empire and its fortunes declined. Its city walls were destroyed and its population dwindled. During the latter part of the 19th century the inhabitants of Vilnius rose up against the Russian Empire twice, and both times were brutally suppressed. During WWI Vilnius was occupied by the Germans. After the war both Poland and Lithuania claimed Vilnius, but in 1920 the Polish Army seized the city, effectively deciding the matter. During WWII Vilnius was occupied by the Germany Army and most of its Jewish inhabitants killed. After the war, Lithuania once again was occupied by Russia and remained so until the Soviet Union broke up in 1990. Today the city is slowly transforming itself into a modern and bustling European metropolis.

Economy

As the capital of Lithuania Vilnius is the economic centre of the country. In fact, the city is one of the most important financial centres in the entire Baltic region. Approximately 40 percent of Lithuania’s GDP is generated by Vilnius, though the city is home to less than 15 percent of the country’s population. Recently the city centre on the north side of the Neris River has been largely refurbished and many old buildings renovated. In 2008 the Vilnius Business Harbour was built and is currently being expanded upon. The city’s infrastructure is ever-growing, and currently, Vilnius benefits from one of the highest internet speeds in the world. Among the industries which are currently growing in Vilnius are solar and laser technologies. Among the companies in this area which call Vilnius home are Arginta, Baltic Solar, and Precizika. Biotechnology is another significant industry in Vilnius, with the companies Fermentas Thermo Fisher, and Sicor Biotech both having a presence in the city. In the last 15 years, tourism has also become an important industry for Vilnius, and in 2009 the city was named Capital of Culture.

Tourism & Culture

Vilnius’ thriving tourism industry slowed down significantly during the economic crisis but has been picking up again as conditions have improved. The city is a popular destination for Europeans in search of a city break. Unlike many European capitals, Vilnius was not heavily bombed during WWII and so much of its old architecture remains intact. Pilies Street is Vilnius’ main thoroughfare and links the Town Hall with the Royal Palace, both popular landmarks for tourists. Vilnius’ Old Town is also popula, and offers an array of winding alleys, courtyards, and shops. The Vilnius Castle Complex is also a must-see for tourists, incorporating the city’s fortifications and the famous Gediminas Tower. Museum buffs will also find Vilnius fulfilling as it has a number of famous museums, including the Museum of Genocide Victims, the National Museum of Lithuania, and the Lithuanian Art Museum. For fans of more lively pursuits, Vilnius is known to have a thriving nightlife, especially during the summer months, when outdoor bars and cafes are bustling and lively.

Transportation

Vilnius is served by Vilnius International Airport, which is approximately three miles away from the centre of the city. The airport is easily accessible from the city itself as it is linked by rail, the only such airport in the Baltic region which has this amenity. Vilnius itself has an excellent public transportation system, with almost 50 percent of the city’s population using public transport to commute to work. The city has an extensive bus and trolleybus network, which students and the elderly receive major discounts on. Both a monorail and electric trolley bus system have been proposed for the city, though as yet neither have come to fruition.

Vilnius Office to Rent

Office space rental in Vilnius

While Lithuania was hit hard by the economic crisis it has recovered better than most. Office rental rates have been rising over the past couple of years and are presently at EUR 13-15 per square metre per month. The overall office vacancy rate in Vilnius currently is approximately five percent, and there is a wide range of serviced offices and flexible workspaces in Vilnius now available.

Our office space search, advisory and acquisition services are FREE, always. We are regulated by the Royal Institution of Chartered Surveyors (RICS) ensuring the highest standards in commercial property advice and service at all times.

The Office Providers are Regulated by the RICS



Comments are closed.