Bratislava Office Market Records a Strong Start to 2026

• During Q1 2026, total leasing activity on the Bratislava office market amounted to 50,140 sq m, of which approximately 50% comprised renegotiations of existing leases.

• The overall office vacancy rate decreased quarter-on-quarter, reaching 13.38%.

• The lowest vacancy rates continue to be recorded in the South Bank submarket (7.24%) and the City Centre (9.34%), while the Outer City submarket registered the highest vacancy rate despite a quarter-on-quarter decrease of 3.64 percentage points.

• Prime office rents increased by 2.5% quarter-on-quarter, reaching €21.50 per sq m per month.

• No new office developments were completed in Bratislava during the first quarter of 2026. However, approximately 17,000 sq m of new office space is expected to be delivered by the end of the year.

The beginning of 2026 was characterised by subdued development activity, with no new office projects completed. Leasing activity exceeded 50,000 sq m, with lease renewals accounting for half of the volume. Prime rents continued to rise, increasing by 2.5% quarter-on-quarter. These findings are based on the latest market report published by CBRE Slovakia.

Leasing Activity Exceeds 50,000 sq m in Q1 2026

Total leasing activity on the Bratislava office market reached 50,140 sq m in Q1 2026. Net take-up (including new leases, pre-leases and expansions of existing leases) totalled approximately 25,000 sq m, representing a 9% year-on-year increase.

Oliver Galata Head of Office Sector, CBRE Slovakia.

"The Bratislava office market recorded a strong start to 2026, with leasing activity exceeding 50,000 sq m. Prime office rents increased by 2.5% quarter-on-quarter to €21.50 per sq m per month."

The lowest vacancy rate was recorded in the South Bank submarket (7.24%), followed by the City Centre (9.34%), Inner City (12.01%) and Central Business District (CBD) (15.68%). Despite a quarter-on-quarter decline of 3.64 percentage points, the Outer City submarket continued to report the highest vacancy rate at 16.74%.

By sector, the strongest occupier demand came from the IT sector (34%), followed by the public sector (21%) and consumer goods companies (9%). "Occupier demand remains strongly focused on high-quality office space. Approximately 84% of all leasing activity was concentrated in Grade A+ and Grade A buildings," added Galata.

No New Completions in Q1

Development activity remained limited during the first quarter of 2026, with no office projects completed. Despite the subdued level of construction activity, the medium-term outlook suggests a gradual recovery in new supply. During 2026, the Dunaj project (7,200 sq m) and Ganz House (9,400 sq m) are expected to be delivered to the market.

A more significant increase in new office supply is still anticipated in 2027, with the completion of Chalupkova Offices (18,200 sq m) and Istropolis Atrium (15,500 sq m). In 2028, additional supply is expected from Chalupkova Offices Phase II (14,000 sq m) and Sky Park Square Office (10,000 sq m).

Prime Rents Increase by 2.5% Quarter-on-Quarter

Prime office rents in Bratislava increased to €21.50 per sq m per month, representing a 2.5% quarter-on-quarter increase and a 7.5% year-on-year increase. The growth in rental levels was driven by sustained demand for premium office space, limited development activity, and occupiers’ increasing preference for sustainable, modern workplaces.