Slovakia's industrial and logistics real estate sector continues to be a dynamic environment for businesses, even as the market experiences a period of adjustment. According to the Industrial Research Forum (IRF), while Q2 2025 saw a moderation in demand and an increase in vacancy rates, construction remains robust, driven by a strong pipeline of new projects and a strategic shift towards advanced, sustainable facilities.
Current Market Dynamics: Opportunities for Tenants
The total modern industrial stock in Slovakia has reached an impressive 4.64 million sqm. While the overall market witnessed a significant year-on-year rise in vacancy, reaching 6.15% at the end of Q2 2025 – the highest in three years – this trend presents a valuable opportunity for businesses. A higher vacancy rate typically translates to more options for tenants and potentially more flexible lease terms, allowing you to secure ideal premises that perfectly match your operational needs.
Despite the slowdown in demand, new construction is proceeding at a strong pace, with 318,600 sqm of industrial space currently under construction. A significant portion of this is pre-leased, primarily by major logistics providers (3PLs), automotive companies, and manufacturers, highlighting the strategic importance of Slovakia as a logistics and production hub. This ongoing development ensures a steady supply of new, high-quality spaces becoming available.
Strategic Locations and New Developments
In Q2 2025 alone, 77,800 sqm of new industrial space was completed. Notable completions include the expansive SLI Park Sereď (43,000 sqm) and VGP Park Bratislava (11,800 sqm), offering state-of-the-art facilities in key strategic locations. Looking ahead, five new buildings totaling 54,300 sqm began construction in Q2, with some being built speculatively. This indicates strong developer confidence, especially with the anticipated boost from the expected Volvo automotive plant near Košice, which is set to further enhance the region’s industrial appeal.
Total gross take-up in Q2 stood at 103,100 sqm across 14 transactions, demonstrating continued market activity. Key transactions included Berlin Brands Group leasing nearly 22,300 sqm near Senec and a 3PL provider securing 21,000 sqm in Bratislava City. These transactions underline the ongoing demand for well-located, modern logistics and industrial facilities.
Competitive Rental Prices for Quality Space
For businesses budgeting their operational costs, rental prices in Slovakia remain competitive. Achievable rents for high-quality industrial space were up to €5.50/sqm/month in Q2 2025. For integrated office spaces within industrial buildings, which offer convenience and efficiency, rents ranged between €9.00 – €11.00/sqm/month. These figures offer attractive prospects for businesses seeking value without compromising on quality or location.
The Future is Sustainable and Smart
The Slovak industrial real estate market is evolving, with a clear anticipation of a shift towards sustainable, ESG-certified, technologically advanced, and flexible spaces. This trend means that new and upcoming developments are increasingly designed to meet modern business demands for energy efficiency, reduced environmental impact, and smart infrastructure. Choosing a facility that aligns with these trends can provide long-term operational benefits, enhance your company’s reputation, and support future growth.
Whether you're looking for expansive warehouse facilities, modern distribution centers, or integrated office and industrial premises, Slovakia's dynamic real estate market in Q2 2025 offers a wealth of opportunities. The combination of ongoing development, increasing vacancy, and a focus on high-quality, sustainable spaces makes it an opportune time to explore your options.
Source: property-forum.eu
