In the second quarter of 2023, we see an increase in speculative construction by developers who, despite high construction costs, expensive financing and the uncertainty of the overall macroeconomic situation, are willing to take risks, mainly in areas with shortage of available warehouse spaces and strong demand.
The total area of premium industrial premises for lease reached 3,836,282 sq m at the end of June.
37,752 sq m of new industrial premises was delivered to the market, 25% in the Bratislava Region.
At the end of the 2nd quarter, 384,725 sq m of industrial premises was under construction.
The vacancy rate slightly decreased from 4.96% in Q1/23 to 4.73% in Q2/23, which represents 177,003 sq m.
Gross demand, including the extension of existing contracts, reached 281,248 sq m, while net take-up was 127,783 sq m.
