Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Bratislava Research Forum Announces Office Market Figures for Q4 2023


In the fourth quarter of 2023, the total office stock in Bratislava represented 2.09 million sqm. 19 % of total stock consists of class A+ office space, 37 % of A class, and 44 % of class B office space.

During the fourth quarter of 2023, one new office building was added to the supply – The Mill. It is a building of the highest standard A+ with an area of 24,500 sq m, and by the time of its completion, it was almost fully pre-leased.

BRF 01

Brf 02

In terms of the ownership structure, similarly to the previous quarter, approximately 4% of the office stock is state-owned, almost 12% are buildings owned and fully occupied by the same entity, and the total stock for commercial use stands at 84% (or around 1.7 million sqm) of total modern office stock in Bratislava.

brf 03

Green Certified Buildings

In total, Bratislava offers almost 852,220 sqm of office space with a valid green/sustainable building certificate. This is 41% of the total volume of office space in Bratislava. Currently, 45 out of 278 buildings meet the criteria. 65% of the certified stock has BREEAM, 4% combination of BREEAM / WELL GOLD and 31% LEED certificate. Only two buildings in Bratislava have the highest BREEAM Outstanding rating - Twin City Tower and Pribinova 40. In the case of LEED Platinum, it is Ein Park Offices which also achieved LEED Zero Carbon certificate and became Slovak’s first carbon-neutral building.

Office Market Transactions (Take-Up)

Leasing transactions reached an area of 46,700 sqm in the fourth quarter of 2023, which represents a 17% increase compared to the previous quarter. However, in a year-on-year comparison, the volume of leased space decreased by 14%.

The largest portion was made up of renegotiations, in a volume of 47%, new leases, in a volume of 41% and expansions representing 12%.

brf 04

Take-up was dominated by transactions in the IT sector with a size of 14,500 sqm, followed by Professional services accounting for 12,000 sqm. The largest transaction was in the IT sector with an amount of 5,600 sqm. A total of 15 transactions were recorded with an area of over 1,000 sqm.

Most of the leased space this quarter was leased within the IT (35.63%), Professional services (28.48%) and Pharma sector (22.41%).

 brf 05

Take-up took place mostly in A-class buildings, accounting for 52%, followed by B-class with an amount of 30% and A+ class with a share of 18%. This confirmed the interest in higher-standard buildings.

BRF 06

Significant Office Transactions in Q4


Office Vacancy

The overall vacancy rate in Bratislava increased by 40 bps compared to the previous quarter to 14.20 %. The lowest vacancy rate was recorded in the City Center (8.57 %), followed by the Inner City submarket (9.78 %), South Bank (11.26 %), CBD (16.54 %), and Outer City, recording the highest vacancy rate of 20.25 %.

The increase in vacancy is most significantly due to the relocations of a large tenants from the outskirts of the city. In the CBD area, the completion of two new buildings in the previous quarter caused a slight increase in vacancy. On the other hand, it should be noted that the completed The Mill project is already almost fully leased.

graf 01

In terms of vacancy in buildings classes, A+ class recorded vacancy of 13.70%, A-class 18.05% and B-class 11.16%

graf brf

Prime Rent

Prime rent hasn’t changed and remains at a level of 18,00 €/sqm/month.

For further information please contact any member of the Bratislava Research Forum.


With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All