Approximately 75,000 sqm of deals closed on the Bratislava office market in the second quarter of the year, more than 56,000 sqm of which were pre-leases, according to the Bratislava Research Forum. The majority of transactions were signed in the finance, banking and insurance sector (31.6 percent), followed by the consumer goods sector (29.9 percent) and the IT sector (28.1 percent). ČSOB took 20,000 sqm in the Zuckermandel mixed-use project, while Johnson Controls signed on for 19,350 sqm at Panorama Business II and IBM took 17,052 at West Gate. The overall vacancy rate for the Slovak capital fell to 13.55 percent in Q2, down from 14.55 percent in the previous quarter.
Nearly 40,000 sqm of new office stock is expected to hit the Bratislava market by the end of 2014, with Business Garden Štefánikova (4,500 sqm) and Westend Gate (34,000 sqm) set for completion.
