30. Juli 2012 
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48,000 sq m of industrial space leased in Slovakia
The second quarter of 2012 on the industrial properties market was marked mainly by the extension of lease contracts. In the second quarter of 2012 approximately 48,000 sq m of modern industrial space were leased, which is increase over last quarter. This increase has been caused mainly by the extension of lease contracts which were to be expired. Regarding the new lease contracts, these were closed transactions for the area of about 14,500 sq m. In the second quarter, in Slovakia have not been completed any of the ongoing construction of industrial space for rent. These trends are confirmed by statistic analysis prepared by Cushman & Wakefield.
The vacancy rate in the first quarter of 2012 ended on the level of about 3,6% of the overall stock of modern industrial space for rent which is a slight decrease compared to the last 2 quarters. This decrease has been caused mainly because the ongoing construction of industrial buildings has not been completed yet and some vacant space on the market was leased to new tenants. As a result of new speculative construction, which began in the fourth quarter of 2011 and in the first quarter of 2012 in Bratislava, Košice, and Žilina regions, we can expect the vacancy rate to increase in the second half of this year. However, this will be affected by demand of the companies and their ability to lease new warehouse and production space
„In the second quarter of 2012, more industrial space was leased in Slovakia compared to last quarters. Take up of the industrial market was recorded on the level of about 48,000 sq m. This increase has been caused mainly by the extension of lease contracts which were to be expired. Out of 48,000 sq m about 14,500 sq m was leased to new industrial tenants. The new construction, which is currently in progeress in Bratislava, Košice, and Žilina regions will affect mainly the development of the Slovak industrial market in next quarters“ says Martin Balaz from industrial department at Cushman & Wakefield.
The vacancy rate in the first quarter of 2012 ended on the level of about 3,6% of the overall stock of modern industrial space for rent which is a slight decrease compared to the last 2 quarters. This decrease has been caused mainly because the ongoing construction of industrial buildings has not been completed yet and some vacant space on the market was leased to new tenants. As a result of new speculative construction, which began in the fourth quarter of 2011 and in the first quarter of 2012 in Bratislava, Košice, and Žilina regions, we can expect the vacancy rate to increase in the second half of this year. However, this will be affected by demand of the companies and their ability to lease new warehouse and production space
„In the second quarter of 2012, more industrial space was leased in Slovakia compared to last quarters. Take up of the industrial market was recorded on the level of about 48,000 sq m. This increase has been caused mainly by the extension of lease contracts which were to be expired. Out of 48,000 sq m about 14,500 sq m was leased to new industrial tenants. The new construction, which is currently in progeress in Bratislava, Košice, and Žilina regions will affect mainly the development of the Slovak industrial market in next quarters“ says Martin Balaz from industrial department at Cushman & Wakefield.
