31. Januar 2012 
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Development of the industrial market in Slovakia in Q4 2011
Statistics for Q4 of 2011 was influenced mainly by the new supply of industrial premises for lease. Not only built to suite construction, but also the first speculative building since 2009 was recorded on the market in Q4 2011. Built to suite industrial space for lease was finished in Žilina and Trnava regions for suppliers to automotive and electronics suppliers. In Bratislava region, particularly in Malacky, appeared approx. 14.000 sq m of new logistics and industrial space that was built speculatively. In addition to this speculative construction in Malacky, a new speculative construction of warehouse space started also in Senec area.
In Q4 2011, there were leased and handed over to tenants approx. 41,800 sq m of modern industrial space. The leased area in Q4 was the highest since the Q4 of 2009. For instance, comparing to Q3 of 2011, there was leased about 12.000 sq m more industrial space in Q4 2011. These trends are confirmed by statistic analysis prepared by Cushman & Wakefield. The vacancy rate in the fourth quarter of 2011 ended on the level of circa 4,2% in Slovakia that is higher than in the previous quarter of the 2011. This increase of vacancy rate was caused mainly by the termination of several short-term leases as well as completion of the speculative construction in Malacky. Although the completed construction in the last quarter of 2011 was highest since the end of 2009, vacancy rate was affected only slightly, that is caused mainly by the fact that most of the industrial space was built to pre-contracted tenants.
„In fourth quarter of 2011, there was leased most industrial space since the end of 2009. Similar development was recorded in a new construction of industrial space; in Q4 2011 was built most industrial space compared to other quarters since the end of 2009. As a positive signal we see speculative construction in Malacky, where about 14,000 sq m of industrial space for lease was construction.“ says Martin Balaz from industrial department at Cushman & Wakefield.
In Q4 2011, there were leased and handed over to tenants approx. 41,800 sq m of modern industrial space. The leased area in Q4 was the highest since the Q4 of 2009. For instance, comparing to Q3 of 2011, there was leased about 12.000 sq m more industrial space in Q4 2011. These trends are confirmed by statistic analysis prepared by Cushman & Wakefield. The vacancy rate in the fourth quarter of 2011 ended on the level of circa 4,2% in Slovakia that is higher than in the previous quarter of the 2011. This increase of vacancy rate was caused mainly by the termination of several short-term leases as well as completion of the speculative construction in Malacky. Although the completed construction in the last quarter of 2011 was highest since the end of 2009, vacancy rate was affected only slightly, that is caused mainly by the fact that most of the industrial space was built to pre-contracted tenants.
„In fourth quarter of 2011, there was leased most industrial space since the end of 2009. Similar development was recorded in a new construction of industrial space; in Q4 2011 was built most industrial space compared to other quarters since the end of 2009. As a positive signal we see speculative construction in Malacky, where about 14,000 sq m of industrial space for lease was construction.“ says Martin Balaz from industrial department at Cushman & Wakefield.
