Industrial
The industrial market recorded a strong start to the year, with leasing activity reaching 128,800 sq m, representing a significant year-on-year increase. Activity was primarily concentrated in the automotive sector, which accounted for the dominant share of demand, and geographically mainly in the Bratislava region.
At the same time, more than 105,000 sq m of new space was delivered to the market, slightly increasing the vacancy rate to 7.72% and creating more favorable conditions for tenants. The growth in supply was also reflected in a decrease in prime rents to €5.30/sq m/month.
Office
The Bratislava office market continued at a stable pace, with total leasing activity reaching 50,100 sq m, in line with the five-year average. Demand continued to be driven by high-quality Class A buildings, which accounted for more than 80% of all transactions, while the IT and public administration sectors remained dominant.
The vacancy rate decreased to 13.38%, and due to limited new construction, a further decline is expected. At the same time, prime rents continued to rise, reaching €21.50/sq m/month, confirming the ongoing pressure on high-quality office space.
Retail
The retail market in Slovakia entered the year under pressure from weaker consumer demand, mainly affected by a higher tax burden and declining retail sales. Despite this, development activity continued, particularly in the retail park segment – more than 11,000 sq m of new space was delivered in Q1, with an additional approximately 40,000 sq m currently under construction.
Prime rents and yields remain stable, and the market continues to attract new brands, confirming its long-term attractiveness for both investors and retail occupiers.
Residential
The Bratislava new-build residential market stabilized after a strong 2025, with 637 apartments sold in Q1 and total supply remaining at 3,732 units. Demand continues to be supported by more favorable mortgage conditions and the return of buyers to the market.
Prices continued to rise, with the average asking price reaching €5,679/sq m, while the structure of demand also shifted, as interest gradually moved back toward larger apartments. The market is therefore showing signs of healthy stabilization, with expected sales volumes of around 600–700 apartments per quarter.
Investment
The investment market recorded a total volume of approximately €89 million at the beginning of the year, spread across five transactions, remaining below the long-term average. Activity was diversified across sectors – from hotels to industrial and retail assets – while all transactions were completed by domestic capital.
Despite the slower start, market sentiment remains optimistic, as several larger and smaller transactions are currently in progress, with a gradual recovery in activity expected throughout the remainder of the year. The industrial sector is expected to remain the key driver, maintaining strong liquidity levels.
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