The CTP's logistics premises in Bratislava (source: Courtes of CTP )
Demand for new housing fell significantly in the last year. Office developers are also experiencing problems. However, industrial and logistics properties continue to show good numbers.
They could be better, but the sector has also been affected by the economic consequences of the Covid-19 pandemic, inflation and Russia’s invasion of Ukraine.
“The thinking of people and companies has changed when ordering goods and creating inventory for production,” said Tomáš Kulacs from Industrial Agency iO Partners.
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According to data from the consulting firm CBRE, the vacancy rate of logistics and industrial real estate in Slovakia at the end of the second quarter of 2023 stood at 2.72 percent.
The lowest vacancy rate was in western Slovakia (0.69 percent), the highest in the east of the country (9.48 percent).
Patrik Janščo from Cushman & Wakefield said that the industrial real estate sector is growing stronger: “This is evidenced by an increase in total gross and net demand indicators by more than 60 percent.”
