Slovakia's industrial and logistics property market continued to grow in the second quarter of 2026, with total leasing activity reaching approximately 131,000 sqm, a 23% year-on-year increase, according to a quarterly analysis by CBRE Slovakia. Net leasing activity, which excludes renewals and short-term leases, also rose 13% year-on-year to approximately 67,000 sqm.
Pre-leases accounted for the largest share of transactions at 36%, ahead of renegotiations at 33%, short-term leases at 16%, new leases at 12% and expansions at 3%. The greater Bratislava area dominated regional activity with a 41% share, followed by eastern Slovakia at 32%, western Slovakia at 17% and central Slovakia at 10%. By sector, third-party logistics (3PL) led demand at 44%, followed by the automotive sector at 38%, with manufacturing at 4% and e-commerce at 1%.
The vacancy rate fell by 13 basis points quarter-on-quarter to 7.99%. Eastern Slovakia recorded the lowest vacancy at 3.02%, while western Slovakia had the highest at 9.63%, with central Slovakia at 8.02% and the greater Bratislava area at 7.59%. Approximately 41,000 sqm of new space was delivered to the market during the quarter, with a further approximately 270,000 sqm expected by year-end and 426,000 sqm anticipated in 2027.
Prime rent remained stable quarter-on-quarter at €5.95 per sqm per month, a 3% increase year-on-year. Average rent held at €4.55 per sqm per month, though it declined 3% year-on-year. The prime yield remained unchanged both quarter-on-quarter and year-on-year at 6.25%.
"Activity on the Slovak industrial and logistics market persists, though its development continues to be marked by heightened caution. The growth in total and net leasing activity is a positive signal, but a significant portion consists of renegotiations and pre-leases around Košice. Vacancy edged down quarter-on-quarter but from a long-term perspective remains close to its peak, with marked regional differences. On the positive side, prime rent is maintaining a stable level," said Michal Cerulík, director of industrial leasing at CBRE Slovakia.
