Demand Shapes the Future: Why Versum Is Developing a Fourth Building

Riga’s commercial real estate market is changing. Companies are increasingly looking for spaces they can adapt to their processes — not just to rent square meters, but to create a work environment that fits their business needs. This is especially evident in the small and medium-sized enterprise (SME) segment, where flexibility, speed of launch, and reasonable costs are essential.

This shift is also reflected in market data. According to Newsec’s Baltic Office Outlook 2025 Q1, leasing activity strengthened in 2025, supported by several large transactions and a clear preference for efficient, ready-to-use office solutions.

Stock offices are a format that responds directly to these demands. By combining office, warehouse, and showroom functions, they help companies optimize logistics, reduce costs, and keep all processes under control under one roof. Versum was one of the first stock office projects in Riga — and steady demand has shown that companies are actively looking for this format.

The Fourth Building Planned for 2026

In 2026, Estmak Capital will begin construction of the fourth Versum building. This decision is a direct response to real market demand: the first three buildings have demonstrated sustained interest from businesses, making further development of the complex a logical next step.

The fourth building will include 14 stock offices ranging from 268.71 to 423.85 m². These compact, well-planned spaces feature efficient layouts and are well suited for small and medium-sized businesses, startups, and companies seeking room to scale without excessive costs.

Interest Ahead of the Official Launch

Some units have already been reserved ahead of the official sales launch. This reflects not only trust in the project, but also confirms that the stock office format has become a proven solution for companies that value functionality and predictability. Poly Systems, for example, chose Versum for the opportunity to bring all of their work processes under one roof.

When businesses secure space in advance, it signals long-term confidence. Versum is no longer just a new development — it has become an integral part of the district’s business infrastructure.

What Works for Businesses

Versum attracts companies through a combination of conditions that make day-to-day operations more convenient. Its location on Ulbrokas Street provides easy access to key transport hubs: 9 km to Riga’s city center, 9.5 km to the port, and 19.5 km to the airport. Large retail and logistics centers nearby further support companies working in distribution, reducing both time and logistics costs.

The “three-in-one” format — office, warehouse, and showroom under one roof — helps businesses lower costs related to administration, logistics, and rent, while improving operational efficiency. The business center meets all Class A energy-efficiency standards: eco-friendly materials are used in construction, modern ventilation systems with heat recovery are installed, solar panels are placed on the roof, and electric vehicle charging stations are available. Together, these features help reduce operating costs and create a more comfortable working environment.

Equally important is the business community that has already formed around Versum. When companies from related fields operate nearby, it creates a natural rhythm and opens up opportunities for collaboration and partnerships.

Growth Driven by the Market

The construction of the fourth building is not an ambition in itself, but a response to market dynamics. Demand has clearly shown that the stock office format works and that companies are ready to move in and stay for the long term. Versum is growing because there is clear demand for its continued development.

If you are exploring options for your business location or would like to learn more about the fourth building, you can view the available floor plans or book a short call with the Versum team.