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Slovakia MarketBeat

Lukáš Brath • 02/05/2024

Retail

There is a notable surge in interest in shopping centers, with more than 8 such assets across the country currently in various stages of the sales process. Prime rent for retail parks has climbed again, reaching €11/sqm. 

Office

Strong demand and especially new leases, led by professional services and consumer goods sectors, resulted in vacancy drop. Prime rent rose to 18.50€/sqm and is expected to reach €19.00/sqm this year due to the lack of prime stock, a weak development pipeline, and elevated construction costs.   

Industrial

The industrial market is experiencing a surge in investment activity, with multiple industrial parks currently undergoing sales processes. Demand rose in Bratislava for city logistics. Vacancy rate declined under 3% making it a landlord-orientated market.  

 

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