31 january 2021
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The Slovak industrial market experienced a dynamic revival in the second quarter of 2025. Increased demand for industrial spaces, growing tenant activity, and new projects indicate that the market is evolving—becoming more flexible, competitive, and full of opportunities for both investors and tenants.
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.
The growing demand for industrial and logistics properties in urban and suburban areas is pushing developers to choose between building on greenfield sites—untouched land—and revitalizing existing brownfields. Which option makes more sense today?