News Article CBRE report retail Slovakia
by Property Forum | Retail

Shopping centres in Slovakia grew this year both in footfall and turnover, and rents also rose. This is according to the latest quarterly report by CBRE. According to the report, there are currently more than 2.36 million sqm of shopping centres and retail parks in Slovakia.

"From 2019 onwards, one new shopping centre of more than 20,000 sqm will be added to our market every year. This year was no different. After two years, another large project was completed in Bratislava, namely the expansion of the Eurovea shopping centre by a total leasable area of 25,000 sqm," said Tomáš Lörincz, Director of Commercial Leasing at CBRE Slovakia.

Based on CBRE's data, retail space in the first half of 2023 achieved a higher turnover than in the same period last year. According to experts, the increase was most noticeable in the first months of the year. In January and February, turnover increased by 23 and 16 percent, respectively, compared to the same months in 2022. "In the first half of the year, the year-on-year increase in turnover of retail space in shopping centres reached 11 a percent compared to the previous year," Lörincz explained.

Thus, the first half of this year also leads in shopping centre footfall in Slovakia compared to the first half of 2022. In this case, too, footfall grew the most at the beginning of the year, i.e. in the winter months. According to CBRE's latest measurements, total footfall increased by eight per cent. However, along with footfall, rents in shopping centres also grew. These increased by seven per cent year-on-year across all categories.