| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0 Million |
| Market Size (2030) | USD 0 Million |
| CAGR (2025 - 2030) | 2.50% |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latvia Facility Management Market Analysis
The Latvia Facility Management Market size is estimated at USD 0 million in 2025, and is expected to reach USD 0 million by 2030, at a CAGR of 2.5% during the forecast period (2025-2030).
- The facility management sector in the country is fragmented, as most of the country's facilities rely on real estate operations.
- According to BNP Paribas, From 2013 through 2020, the prime rent for office real estate in Riga, Latvia, grew yearly. The prime rent climbed by 43 euros between 2013 and 2020, reaching a total of 195 euros per square meter per year in 2020. Prime office rates in 2021 will remain steady at 195 euros per square meter.
- In June 2021, The European Commission gave an upbeat assessment to emerge stronger from the COVID-19 pandemic, establishing a multimodal public transportation network by investing in environmentally-friendly transportation infrastructures such as trains, trams, electric buses, and bike lanes Euros 295 million.
- Moreover, European Commission invested Euros 248 million in Energy efficiency in private and public buildings and Euro 80 million for the green and digital transformation of electricity grids to provide adequate electricity supply infrastructure for the Latvian economy and the deployment of electric cars.
- COVID-19 has had a mixed economic impact on facilities management companies. The restrictions on people's movement resulted in a decline in project work and a reduction in activity at numerous customer sites. Significant market players, such as Cleanhouse, Elis, Civinity, City Services, and others, were adversely affected due to the pandemic lockdown.
Latvia Facility Management Market Trends
Real Estate to hold significant share in the market
- The residential facilities management market in Latvia grows significantly with consolidated players in the market such as Civinity Mājas, Rigas namu apsaimniekotajs, AS, Rīgas namu pārvaldnieks, SIA, and others.
- In March 2021, The BTA Baltic Insurance Company acquired a substantial residential portfolio in Riga from the Rentejas real estate private equity group (properties at 121 Ertrdes Street, 13 Alauksta Street, and 35 Artilrijas Street). This is Latvia's largest-ever multi-family residential portfolio transaction.
- In Latvia, the residential market sees a lot of growth in enterprises. For instance, in Jan 2022, HAGBERG, a property management company, announced that the multi-apartment residential category would see a 50 percent growth in new consumers in 2021.
Understand The Key Trends Shaping This Market
Download PDF
Telecommunication and High-Speed Data Transmission Network is Expected to Witness Significant Growth.
- The government of Latvia aims to provide all inhabitants, state and local government institutions, businesses, and socio-economic driving forces with equal and high-quality electronic communications services across the country. In urban and rural areas, speeds of at least 100 Mbps, upgradeable to gigabit, are planned, and 5G coverage in all significant cities creates more projects for the FM organizations.
- The Electronic Communications Sector Development Plan for 2021-2027 and the Digital Transformation Guidelines for 2021-2027 were approved for Latvia by the European Commission in 2021. Technology provided by the Facility Management companies supports the actual management of the buildings and facilities in smart cities and helps connect administrations and services to execute each project successfully.
- The Internet's growth in Latvia has increased computer and network security demand. This industry will expand, especially as online banking becomes more prevalent. Implementation of Internet systems and networks, education and training, support services, software development and re-design, enterprise resource planning services, execution of Internet B2B software, development of payment card systems, adaptation of foreign software, development of electronic communications, and development of call centers are some of the other areas develop business prospects for facilities management firms.
- The Digital Accelerator of Latvia (DAoL) filed a project application for the Digital Europe (DEP) program's request for an Initial Network of European Digital Innovation Hubs (EDIHs) in February 2022. The long-term goals of DAoL include promoting digital transformation and innovation, improving Latvian firms' competitiveness and the quality of public services through new digital solutions, and increasing investments in ICT research and development.
Get Analysis on Important Geographic Markets
Download PDF
Latvia Facility Management Industry Overview
The Latvian facility management market is consolidated with very few vendors in the market.
- April 2022 - KPMG in Latvia, an international professional services firm, has become the third anchor tenant with a move of nearly 3000 m2 of space in the new Verde, Riga's greenest office complex. It is not only the most prominent office leasing transaction in the Latvian capital this year but also a crucial turning point in the growth of Verde.
- January 2022 - Hepsor Latvia OÜ exercised an option to purchase 50% of Kvarta Holding OÜ under an option agreement signed in 2021. Kvarta Holding OÜ owns 100% of Kvarta SIA, which is developing a 116-unit residential building at Gregora 2a in Riga.
Latvia Facility Management Market Leaders
-
Hagberg
-
Clean House
-
Elis
-
Civnity Solutions
-
City service
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Latvia Facility Management Market News
- March 2022: HAGBERG announced that it is collaborating with the operator Green Belt to expand the availability of battery sorting terminals in residential buildings in response to rising demand among apartment residents for waste sorting alternatives and processes.
- December 2021: Civinity acquires the "Inservis" organization, run by "Invalda INVL." One of the significant asset management groups in the Baltics.
Latvia Facility Management Industry Segmentation
Facility management (FM) is a profession that incorporates many disciplines to ensure functionality, safety, comfort, and efficiency of the built environment by integrating people, process, place, and technology. FMs contribute to the business's bottom line through their responsibility for maintaining what is often an organization's most significant and most valuable assets, such as property, equipment, buildings, and other environments that house personnel, productivity, inventory, and other elements of the operation. The objective of professional FM as an interdisciplinary business function is to coordinate the demand and supply of facilities and services in both public and private organizations.
The Latvia facility management market is segmented by service type (hard services [asset management, MEP and HVAC services, fire systems and safety, and other hard FM services] and soft services [office support and security, cleaning services, catering services, and other soft FM services]), offering type (in-house and outsourced [single FM, bundled FM, and integrated FM]), and by end-user (commercial, hospitality, institutional & public infrastructure, healthcare, industrial & process sector, and others). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| Service Type | Hard Services | Asset Management | |
| MEP and HVAC Services | |||
| Fire Systems and Safety | |||
| Other Hard FM Services | |||
| Soft Services | Office Support and Security | ||
| Cleaning Services | |||
| Catering Services | |||
| Other Soft FM Services | |||
| Offering Type | In-house | ||
| Outsourced | Single FM | ||
| Bundled FM | |||
| Integrated FM | |||
| End-user Industry | Commercial (includes IT & telecom, retail & warehouses, etc.) | ||
| Hospitality (includes eateries, restaurants and large-scale & hotels) | |||
| Institutional & Public Infrastructure (includes government establishments, education, transportation (airports, rail works, etc.)) | |||
| Healthcare (includes public & private healthcare facilities) | |||
| Industrial & Process Sector (includes manufacturing, energy (covers oil & gas exploration), mining, etc.) | |||
| Other End-user Industries (includes multi-house residential, entertainment, cultural & recreational services, and sports & leisure) | |||
Service Type
| Hard Services | Asset Management |
| MEP and HVAC Services | |
| Fire Systems and Safety | |
| Other Hard FM Services | |
| Soft Services | Office Support and Security |
| Cleaning Services | |
| Catering Services | |
| Other Soft FM Services |
Offering Type
| In-house | |
| Outsourced | Single FM |
| Bundled FM | |
| Integrated FM |
End-user Industry
| Commercial (includes IT & telecom, retail & warehouses, etc.) |
| Hospitality (includes eateries, restaurants and large-scale & hotels) |
| Institutional & Public Infrastructure (includes government establishments, education, transportation (airports, rail works, etc.)) |
| Healthcare (includes public & private healthcare facilities) |
| Industrial & Process Sector (includes manufacturing, energy (covers oil & gas exploration), mining, etc.) |
| Other End-user Industries (includes multi-house residential, entertainment, cultural & recreational services, and sports & leisure) |
Need A Different Region or Segment?
Customize Now
Latvia Facility Management Market Research Faqs
How big is the Latvia Facility Management Market?
The Latvia Facility Management Market size is expected to reach USD 0 million in 2025 and grow at a CAGR of 2.5% to reach USD 0 million by 2030.
What is the current Latvia Facility Management Market size?
In 2025, the Latvia Facility Management Market size is expected to reach USD 0 million.
Who are the key players in Latvia Facility Management Market?
Hagberg, Clean House, Elis, Civnity Solutions and City service are the major companies operating in the Latvia Facility Management Market.
What years does this Latvia Facility Management Market cover, and what was the market size in 2024?
In 2024, the Latvia Facility Management Market size was estimated at USD 0 million. The report covers the Latvia Facility Management Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latvia Facility Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Latvia Facility Management Industry Report
Statistics for the 2025 Latvia Facility Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latvia Facility Management analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
