Activity in the industrial and logistics rental market in Slovakia reached approximately 106,000 m² in the second quarter of 2025. Net leasing activity (i.e. new leases, pre-leases and expansions) amounted to 58,000 m2. This represents a 34% increase compared to the previous quarter. However, this is a 47% decrease year-on-year.
The largest, 35% share of all leases was made up of renegotiations. This was followed by new leases with a share of 28% and pre-leases accounting for 25% of the total volume. Short-term leases of premises contributed 10% and the remaining 2% were expansions.
"Looking at the individual regions, we see a clear dominance of the area around Bratislava in terms of leasing activity. It cut up to 54% of the total area. The rest of western Slovakia accounted for 35%, eastern Slovakia accounted for 7% and central Slovakia recorded the lowest share of 3%."
Of the sectors, the sector providing third-party logistics (3PL) and e-commerce was the strongest. Both of them accounted for 28% of the total tenant activity. This was followed by the electronics sector (17%), the automotive sector (12%), retail (9%) and logistics (3%). The manufacturing sector contributed 2%.
The vacancy rate of industrial and logistics space rose to 6.10% in the second quarter. As of the end of 2024, it has still not fallen below 5%. The highest vacancy rate was in western (7.85%) and central Slovakia (7.38%). On the other hand, the lowest number of vacant spaces (2.86%) was in eastern Slovakia in the second quarter.
"New premises with a total area of 68,000 m2 have been added to the market. Another 240,000 m2 is already under construction, which should be completed by the end of this year. Up to 77% of these spaces under construction are already pre-leased," added Cerulík.
The highest achieved rent (prime rent) remained stable year-on-year at €5.80/m²/month. The average rent recorded a slight decrease and stabilized at €4.70/m²/month.
