The Slovak industrial market closed 2025 with a strong recovery: Tenants gain better bargaining position
The fourth quarter of 2025 brought a significant acceleration in leasing activity across the Slovak industrial and logistics market. Net take-up reached 82,496 sq m, marking a clear improvement compared to the previous quarter.
For the full year 2025, total net take-up amounted to 532,100 sq m, surpassing the 2024 result of 431,700 sq m. After a more cautious first half of the year, activity strengthened considerably toward year-end.
Where Was the Highest Activity?
Leasing activity was primarily concentrated in Western Slovakia, particularly in the Bratislava and Senec areas. Most active regions in Q4 2025:
- Senec Area: 103,933 sq m
- Bratislava North: 99,980 sq m
- Bratislava City: 27,615 sq m
- Trenčín Area: 24,078 sq m
- Košice Area: 15,188 sq m
From a tenant perspective, 3PL companies accounted for 33% of activity, while retail represented 30%, together making up more than 60% of total leasing.
New Supply and Vacancy: Market Stabilisation
By the end of 2025, total modern A-class industrial stock reached 4,836,728 sq m. During Q4 alone, 154,327 sq m of new premises were delivered. Currently, 244,913 sq m remains under construction, nearly half developed on a speculative basis.
Despite significant new supply, the market absorbed new space and the vacancy rate slightly decreased to 7.40% (from 7.72% in Q3).
Rental Levels: Stable Prime, Pressure in Secondary Locations
Prime rent remained stable at €5.40 per sq m per month. The average headline rent reached €5.07 per sq m per month. The lowest rental levels were recorded in the Senec area, starting from €3.90 per sq m per month.
The broader availability of space continues to strengthen tenants’ negotiating position.
What Does This Mean for Companies?
Current market conditions offer favourable opportunities for tenants:
- broader availability of space
- stabilised rental levels
- stronger negotiating leverage
- choice between completed and upcoming projects
The Slovak industrial market closed 2025 in a stabilised position, with strong year-end performance and a solid foundation for 2026.
📥 Full report
Detailed data can be found in the full report: 👉 Industrial Property Market Report Q4/2025 - Slovakia