"In the fourth quarter of 2023, vacancy rate increased again to 4.65% which represents 185,294 sq m. Additionally, there is a noticeable increasing volume of leased premises being offered for subletting. This trend is largely driven by logistics companies seeking to reduce operating costs. This mainly concerns the west and north of Slovakia, with a total sublease volume of over 60,000 sq m." Dominika Ukropcová, Research & Data Analyst
The total area of premium industrial premises for lease reached 3,985,914 sq m at the end of the fourth quarter.
45,946 sq m of new industrial premises was delivered to the market.
At the end of the 4th quarter, 333,200 sq m of industrial premises was under construction.
The vacancy rate increased again from 3.71 % in Q3/23 to 4.65 % in Q4/23, which represents 185,294 sq m.
Gross demand, including the extension of existing contracts, reached 168,490 sq m, while net take-up was 116,576 sq m
