Slovak Industrial and Logistics Market Records a Strong Start to 2026

• Total leasing activity in the Slovak industrial and logistics market reached approximately 136,000 sq m in Q1 2026, representing a 47% year-on-year increase.
• Net take-up (leasing activity excluding lease renewals and renegotiations) totalled approximately 59,000 sq m, up 35% year-on-year.
• The vacancy rate increased slightly to 8.12%, with the highest vacancy recorded in Western Slovakia (10.27%) and the lowest in Eastern Slovakia (2.66%).
• Approximately 83,000 sq m of new industrial and logistics space was completed during Q1 2026, while a further 178,000 sq m is currently under construction.

According to CBRE Slovakia’s latest quarterly market report, the Slovak industrial and logistics sector continued its positive momentum at the beginning of 2026. Total leasing activity reached approximately 136,000 sq m, reflecting a 47% increase compared with the same period last year. Net take-up also expanded significantly, reaching approximately 59,000 sq m, up 35% year-on-year.

Lease renewals and renegotiations accounted for the largest share of transactions, representing 53% of total leasing activity. Pre-leases accounted for 26%, new leases 16%, short-term leases 4%, and expansions 1%. From a regional perspective, the Greater Bratislava area dominated market activity, accounting for 72% of total leasing volume. This was followed by Western Slovakia (22%) and Eastern Slovakia (6%).

Automotive and Logistics Sectors Drive Demand

The automotive sector generated the highest share of occupier demand in Q1 2026, accounting for 31% of total leasing activity. Third-party logistics (3PL) providers represented 30%, followed by the e-commerce sector (17%), retail sector (11%), and manufacturing sector (10%). All other sectors combined accounted for approximately 1% of total demand.

Andrej Jančovic Industrial & Logistics Sector, CBRE Slovakia

"The Slovak industrial market continues to demonstrate stable growth, with demand remaining well diversified across multiple sectors. Lease renewals continue to play an important role, reflecting the market's overall stability."

Vacancy Rate Increases Slightly as Regional Differences Persist

The overall vacancy rate increased modestly to 8.12% in Q1 2026, representing a quarter-on-quarter increase of 31 basis points.

The highest vacancy rate was recorded in Western Slovakia (10.27%), followed by Central Slovakia (9.83%) and the Greater Bratislava area (6.92%). The lowest vacancy rate remained in Eastern Slovakia, at just 2.66%.

83,000 sq m of New Supply Delivered

Approximately 83,000 sq m of new industrial and logistics space was completed during the first quarter of 2026. An additional 178,000 sq m is currently under construction, with all projects expected to be delivered before the end of 2026.

"The total stock of modern industrial and logistics space in Slovakia has reached 4.87 million sq m. Continued development activity indicates that supply will keep expanding in response to sustained occupier demand," added Andrej Jančovic, Director, Industrial & Logistics Sector, CBRE Slovakia.

Prime Rent Remains Stable While Average Rents Ease

Prime industrial rents remained stable quarter-on-quarter at €5.95 per sq m per month, representing a 3% year-on-year increase. Average rents declined slightly to €4.55 per sq m per month, a 6% decrease year-on-year. Significant regional differences in achieved rental levels continue to persist across the Slovak market. The prime yield remained stable at 6.25%, both quarter-on-quarter and year-on-year.