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Slovak Industrial Market Q1 2025: Declining Demand and Rising Vacancy Gives Tenants the Upper Hand
The Slovak industrial market entered 2025 with a noticeable slowdown. After a record-breaking 2024, demand in the first quarter dropped by tens of percent, particularly in the key automotive segment. Rising vacancy rates, a cautious approach from tenants, and a shift in bargaining power from landlords to tenants indicate that the market is heading into a period of greater flexibility — but also increased competition among projects.
