2025/Q1 INDUSTRIAL PROPERTY MARKET REPORT - SLOVAK REPUBLIC

„In the first quarter, we witnessed a sharp decline in leasing activity — down 45% compared to the same quarter of the previous year. Vacancy remained at 5.45%, while shadow vacancy, representing space offered for sublease, accounted for an additional 3%. A significant volume of industrial space is expected to become available for lease in the coming months. If demand does not increase, vacancy rates are likely to rise further. As a result, landlords may begin competing more aggressively for tenants by lowering rents and offering more favorable lease terms.„ - Dominika Ukropcová, Research & Data Analyst.

The total area of ​​premium industrial premises for lease reached 4,553,772 sq m at the end of the first quarter.

39,466 sq m of new industrial premises was delivered to the market.

At the end of the 1st quarter, 321,217 sq m of industrial premises was under construction.

In Q1/2025 , the vacancy rate remain stable at 5.45% which represents 248,212 sq m.

Gross demand, including the extension of existing contracts, reached 62,851 sq m, while net take-up was 37,419 sq m.