The Slovak industrial and logistics real estate market remained characterised by selective demand, higher availability and stable rents in Q3 2026. Gross take-up reached 97,000 sq m, up 4% quarter-on-quarter, while net take-up stood at 47,600 sq m. Leasing activity was driven primarily by established local companies, with the 3PL sector accounting for 51% and the automotive sector for 22% of total activity.
The vacancy rate increased to , representing approximately 398,000 sq m of available space. Higher availability continues to strengthen tenants’ negotiating position. The total stock of modern industrial space reached approximately 4.9 million sq m.
Development activity is gradually slowing. Around 231,800 sq m of space was under construction at the end of Q3, with 52% already pre-let. A further 118,000 sq m of shell & core space represents additional potential supply.
Prime industrial rents remained stable at €5.30/sq m/month, while the prime yield stood at 6.00%. Softer leasing activity combined with higher vacancy continues to limit the potential for significant rental growth.
The final quarter of the year could provide a positive boost to the market. Traditionally stronger year-end leasing activity may help reduce vacancy and improve overall market sentiment.
