Slovakia's industrial and logistics property market recorded total leasing activity of approximately 320,000 sqm in Q4 2025, representing a 56% year-on-year increase and the strongest quarter in the market's history. Net leasing activity exceeded 94,000 sqm, showing a 91% quarterly increase, according to CBRE Slovakia's quarterly report.
However, the majority of transactions were renegotiations, accounting for 65% of activity. New leases represented 19%, pre-leases 7%, short-term leases 6%, and expansions 3%. The Bratislava region dominated with 76% of total volume, followed by western Slovakia with 18%.
The retail sector led demand in Q4, comprising 43% of total tenant activity. The logistics sector (3PL) accounted for 27%, automotive 10%, e-commerce and manufacturing 5% each, electronics and rubber sectors 3% each, pharmaceuticals 2%, and other sectors 2%.
The vacancy rate decreased slightly to 7.81%, down 16 basis points from the third quarter, though it increased 263 basis points year-on-year. Central and western Slovakia recorded the highest vacancy rates at 10.86% and 10.30% respectively, while eastern Slovakia had the lowest at 2.70%.
"A total of 249,000 sqm of new space should be added to the market in 2026, with approximately 211,000 sqm currently under construction, which we perceive as continuous and healthy market growth," said Michal Cerulík, Head of Industrial Property Leasing at CBRE Slovakia. Prime rents increased 3% year-on-year to €5.95 per sqm per month, while average rents decreased 5% to €4.60 per sqm per month.
