New retail projects continue to focus outside Bratislava, with most developments taking place in western Slovakia, according to the latest analysis by CBRE Slovakia.
During Q4 2025, footfall in CBRE Slovakia's monitored shopping centre sample increased by 2% and gross tenant turnover grew by 1%. "Customers are cautious, but their activity has slightly increased in an environment of gradually stabilising prices," said Tomáš Lörincz, Head of Retail Leasing at CBRE Slovakia.
Prime rents rose quarterly from €70/sqm/month to €78/sqm/month in shopping centres and from €16/sqm/month to €18/sqm/month in retail parks. Year-on-year, this represented an 11% and 13% increase respectively. Investment yields remained stable at 6.50% for shopping centres and 6.75% for retail parks.
Several retail parks were completed in Q4, adding approximately 38,000 sqm of leasable space to the market. Major completed projects include Retail Park Podunajská Brána, Klokan Žilina and OPC Žiar nad Hronom. Currently, approximately 73,000 sqm of retail space is under construction across 14 projects, with most located in western Slovakia.
Inflation reached an average level of 4% in 2025, with a rare month-on-month price decline in December. "We currently track around 73,000 sqm of new retail space under construction, spread across 14 projects. Construction continues to be dominated by retail parks, with most projects located primarily in western Slovakia regions," added Lörincz.
