Slovakia's industrial and logistics market saw total leasing of around 136,000 sqm in Q1 2026, representing a 47% year-on-year increase. Net leasing activity also grew, reaching approximately 59,000 sqm, a 35% year-on-year rise, according to an analysis by CBRE Slovakia.
Renegotiations formed the largest share of transactions at 53% of all leases. Pre-leases reached 26%, new leases 16%, short-term leases 4% and expansions 1%. Regionally, the wider Bratislava area dominated with 72% of total leasing activity, followed by western Slovakia with 22% and eastern Slovakia with 6%.
The automotive sector showed the highest share of leasing activity in the first quarter at 31% of total demand. 3PL providers represented 30%, e-commerce 17%, retail 11% and manufacturing 10%. "The Slovak industrial market continues stable growth, with demand remaining diversified across multiple sectors. Renegotiations of existing lease agreements continue to play a significant role, reflecting market stability," said Andrej Jančovič, Director of Industrial and Logistics Leasing at CBRE Slovakia.
The vacancy rate increased slightly to 8.12%, representing a quarterly rise of 31 basis points. Western Slovakia recorded the highest vacancy at 10.27%, followed by central Slovakia at 9.83% and the wider Bratislava area at 6.92%. Eastern Slovakia had the lowest vacancy rate at 2.66%.
Approximately 83,000 sqm of new space was delivered to the market in the first quarter. Currently, around 178,000 sqm of new space is under construction, with all projects scheduled for completion during 2026. "The total area of modern industrial properties in Slovakia now reaches 4.87 million sqm. Stable development activity indicates that the supply of industrial and logistics space will continue to expand due to ongoing demand," added Jančovič. Prime rent remained stable at €5.95/sqm/month, showing a 3% year-on-year increase, while average rent decreased slightly to €4.55/sqm/month, a 6% year-on-year decline.
