Slovakia's property investment market experienced significant recovery in 2025, with investment volumes reaching €978 million across 29 transactions, representing an 82% year-on-year increase and the second-best year in history, according to a CBRE report.
The key drivers were more favourable financial conditions and gradually declining interest rates, which improved financing availability and supported investor interest.
Office leasing activity in Bratislava reached a historic high with 271,000 sqm of space leased, marking a 41% year-on-year increase. However, most of this activity consisted of renegotiations rather than new leases. Net leasing activity actually declined by 13% to 97,000 sqm. "Limited new supply and stable demand contributed to a slight decrease in vacancy rates, which fell to 14.09% at the end of 2025 from 14.43% the previous year," said Oliver Galata, Head of Office Leasing at CBRE Slovakia.
The industrial and logistics market added 257,000 sqm of new space in 2025, with Western Slovakia receiving the largest share at 109,000 sqm. However, net leasing activity continued to decline, falling 33% year-on-year to approximately 246,000 sqm, reaching its lowest level since 2018. Vacancy rates increased from 5% at the beginning of 2025 to nearly 8% by year-end.
The retail sector expanded by approximately 61,000 sqm with 12 new retail parks completed. The residential sector continued its recovery with over 2,500 new apartments sold in Bratislava, representing a 48% year-on-year increase driven by declining interest rates averaging around 3.6%. Average asking prices for new developments reached €5,302 per sqm in Q4, approximately 6% higher than in 2024.
