2026/Q1 INDUSTRIAL PROPERTY MARKET REPORT - SLOVAK REPUBLIC

"In the first quarter of 2026, the Slovak industrial market entered a more balanced, tenant-driven phase. Total take-up reached 128,760 sq m, significantly influenced by renegotiations (55.93%), which reduced net take-up to 56,746 sq m compared to the previous quarter. Leasing activity was concentrated primarily in the Bratislava region (91,110 sq m), dominated by Northern Bratislava (35,422 sq m), followed by Bratislava City (31,000 sq m) and Senec (24,688 sq m); Western Slovakia followed with 29,356 sq m (mainly Nitra and Trnava), while the East recorded limited activity of 8,294 sq m centred in Košice. Total A-class supply continued to grow, reaching 4,864,780 sq m, despite lower new deliveries to the market (105,159 sq m). Construction activity moderated to 203,218 sq m, with a significant portion being developed speculatively, supporting market liquidity and expanding options for tenants. The vacancy rate rose to 7.72% (375,682 sq m), which was also reflected in pricing, as headline rents declined to €3.95–5.90/sq m and prime rents decreased to €5.30/sq m. The market thus signals a weakening of landlord pricing power at the start of the year, with growing importance of incentives, lease terms and location quality in tenant decision-making."
— Ľuboš Búžik, Sales & Data Support Specialist at 108 REAL ESTATE.

Total stock of premium industrial space for lease reached 4,864,780 sq m at the end of Q1/2026.

A total of 105,159 sq m of new industrial space was delivered to the market.

The end of Q1/2026 recorded 203,218 sq m of industrial space under construction.

In Q1/2026, the vacancy rate rose to 7.72%, representing 375,682 sq m.

Gross demand (total take-up), including renegotiations, reached 128,760 sq m, while net take-up stood at 56,746 sq m.