The Slovak Industrial Market Confirmed a Strong Return of Activity in Q4 2025

The industrial market in Slovakia recorded a significant rebound at the end of 2025. Gross leasing volume in Q4 reached 301,800 sq m, and full-year activity returned to the level of the seven-year average.

Activity Concentrated in Logistics and Retail

A substantial share of transactions consisted of lease renegotiations. Demand was primarily driven by the 3PL, retail, and automotive sectors, confirming the continued strength of logistics and distribution centers.

The vacancy rate declined to 7.4%, although space availability varies by region.

Development Responds More Cautiously

Developers have limited speculative construction and are increasingly focusing on built-to-suit projects. As a result, the volume of space under construction remains below the long-term average.

Prime rents remain stable at €5.40 per sq m per month, while yields for the highest-quality assets stand at 6.00%. Investment activity exceeded €460 million.

According to data from Cushman & Wakefield, the market is gradually stabilizing after a weaker start to the year and is entering a phase of selective growth, where location, project quality, and tenant structure will play a decisive role.