Slovak Industrial Market in Q2 2026: Lower Take-up, Growing Pre-Leasing Activity and Stable Rents

The Slovak industrial market entered the second quarter of 2026 with lower leasing activity but continued strong interest in pre-leasing high-quality industrial and logistics space. Gross take-up declined by 28% quarter-on-quarter, while net take-up increased by 17%. The vacancy rate rose to 7.8%, while prime rents remained stable at €5.30 per sq m per month. What do these figures mean for the Slovak warehouse, logistics and manufacturing market?

OOverview of the Slovak Industrial Market in Q2 2026

The Slovak industrial and logistics real estate market recorded a moderate slowdown in leasing activity during the second quarter of 2026. Gross take-up reached 93,400 sq m across 18 transactions, representing a 28% quarter-on-quarter decline.

Net take-up, however, moved in the opposite direction, reaching 66,600 sq m, up 17% compared with Q1 2026. Pre-leasing accounted for a significant share of market activity, representing 50% of total take-up (47 000 m²).

Total modern industrial stock in Slovakia reached 4.89 million sq m, while 268,800 sq m of industrial space was under construction.

Key Market Indicators – Q2 2026

Demand for Warehouse and Logistics Space Declines

Leasing activity remained subdued in Q2 2026. Gross take-up reached 93,400 sq m, 28% below the level recorded in Q1 2026.

Net take-up, however, increased to 66,600 sq m, representing a 17% quarter-on-quarter increase.

The difference between gross and net take-up reflects the structure of leasing activity and the significant role of pre-leasing. Total take-up for the first half of 2026 reached 222,100 sq m.

Leasing activity was concentrated primarily in Bratislava and Košice, with the Senec submarket being particularly active within the Bratislava region.

Pre-Leasing Gains Importance

One of the most notable trends in Q2 2026 was the high share of pre-leasing activity. Pre-leases accounted for 50% of total take-up.

This indicates that occupiers continue to seek high-quality space and secure it before new developments are completed. Modern buildings and certified facilities remain particularly attractive.

The trend is also reflected in the current development pipeline. Of the 268,800 sq m of industrial space under construction, 37% has already been pre-leased.

What Does This Mean for Occupiers?

Pre-leasing allows companies to:

• Secure space before a project is completed
• Select a suitable location and building specification
• Plan expansion further in advance
• Secure modern and certified industrial facilities

New Supply Remains Limited

Only 25,800 sq m of new industrial space was delivered to the Slovak market in Q2 2026, across two completed buildings.

The completed projects included:

• Mountpark Bratislava – 21,400 sq m, 100% pre-leased
• CTPark Trnava – 4,500 sq m, 100% pre-leased

Both projects were therefore fully pre-leased at the time of completion.

At the same time, the volume of industrial space under construction increased to 268,800 sq m, with 37% already pre-leased.

Vacancy Rate Reaches 7.8%

The Slovak industrial vacancy rate increased slightly to 7.8% in Q2 2026, reaching its highest level in five years.

The increase was driven primarily by lower leasing activity. However, continued pre-leasing activity indicates that occupier interest in high-quality modern industrial space remains strong.

Lowest Vacancy Rates

• Košice Area – 1.4%
• Bratislava City – 3.5%
• Žilina Area – 3.5%
• Nitra Area – 4.3%
• Trenčín Area – 5.7%

Highest Vacancy Rates

• Central Slovakia – 20.0%
• Prešov Area – 11.3%
• Senec Area – 11.1%
• Trnava Area – 10.8%

Regional differences therefore remain significant, with the availability of industrial space varying considerably between individual locations.

Rents Remain Stable

Despite the increase in available space, rental rates remained stable during Q2 2026.

Prime industrial rents in Slovakia remained at €5.30 per sq m per month. The prime yield for the highest-quality assets also remained unchanged at 6.00%.

The stability of rents is supported by continued demand for modern logistics and manufacturing facilities in established industrial locations.

What Influences Industrial Rental Rates?

Key factors include:

• Location
• Access to high-quality transport infrastructure
• Building quality and technical specifications
• Availability of modern logistics and manufacturing space
• Vacancy levels in individual submarkets

Regional Overview: Where Is Demand Concentrated?

Leasing activity in Q2 2026 was strongly concentrated in Košice and Bratislava.

The Košice region recorded 42,000 sq m of take-up, the highest regional volume during the quarter. Bratislava City recorded 9,100 sq m, while the Senec Area recorded 23,400 sq m.

The importance of Košice is also reflected in the key transactions recorded during the quarter. Among the largest were two pre-leases at Logis One Park Košice, one in the automotive sector and the other in the 3PL segment, with both transactions falling within the 15,000–30,000 sq m size category.

Key Leasing Transactions in Q2 2026

The key transactions included:

• Logis One Park Košice – automotive sector, pre-lease
• Logis One Park Košice – 3PL, pre-lease
• P3 Nové Mesto – 3PL, new lease
• BHM Park Trenčín – automotive sector, lease renegotiation
• CTPark Žilina Airport – automotive sector, new lease
• Prologis Park Bratislava – 3PL, lease renegotiation

Market Outlook: What Can We Expect in the Remainder of 2026?

The Slovak industrial market is entering the second half of the year with higher availability and moderately subdued leasing activity. At the same time, demand for high-quality new developments remains evident, as demonstrated by the strong share of pre-leasing activity.

There are currently 268,800 sq m of industrial space under construction, with more than one-third already pre-leased.

Key trends for the remainder of 2026 include:

• Continued importance of pre-leasing
• Higher availability of existing industrial space
• Increasing differences between individual regions
• Stable prime rental levels
• Continued demand for modern logistics and manufacturing facilities

For occupiers, current market conditions provide a broader choice of available industrial space, while companies targeting new developments will benefit from planning their requirements well in advance.

FAQ – Slovak Industrial Market Q2 2026

What is the current industrial vacancy rate in Slovakia?

The industrial vacancy rate reached 7.8% in Q2 2026, the highest level in five years.

What was the take-up of industrial space in Q2 2026?

Gross take-up reached 93,400 sq m, while net take-up stood at 66,600 sq m.

What is the current prime rent for industrial space in Slovakia?

Prime industrial rent remained stable at €5.30 per sq m per month.

Which regions recorded the highest take-up in Q2 2026?

The Košice Area recorded the highest take-up at 42,000 sq m, followed by the Senec Area with 23,400 sq m and Bratislava City with 9,100 sq m.

What share of take-up was made up of pre-leases?

Pre-leases accounted for 50% of total take-up in Q2 2026.

How much industrial space is currently under construction in Slovakia?

A total of 268,800 sq m of modern industrial space was under construction in Slovakia at the end of Q2 2026, with 37% already pre-leased.