Industrial Pulse
Q4 2019
At the end of 2019, the total modern industrial & logistics stock in Slovakia stood at 2.46 mil. m².
The biggest developer in Slovakia is Prologis with dominant 16.5% of market share. TOP 5 includes CTP with 12.5% on second place, followed by CNIC on the third place with 12.3%, P3 with 9.9% and Goodman with 5.6%. Each of other developers have real estate market share not more than 5%.
Stable demand and slightly higher vacancy levels in a combination with a highly competitive industrial and logistic RE market create pressure on rents and naturally limit gradual increase of rental rates. Both international and local tenants within automotive supply chains continue to be prudent in leasing new industrial premises due to unpredictable market courses in the automotive industry.
There is a continued growing activity of 3PL, retail and ecommerce, especially logistic companies facilitating smaller e-commerce businesses.