The only office project to hit the market in Bratislava in Q4 2015 was the HB Reavis project Twin City A. Despite the addition of 16,000 sqm to the city’s stock of 1.5 million sqm, the overall office vacancy dropped to 8.74 percent, the lowest figure since 2007. The Bratislava Research Forum writes that in the third quarter of 2015, 11.49 percent of office space was vacant. In all, 79,000 sqm of office space leased in Q4, up by 25 percent y-o-y. A lease extension of 19,700 sqm in Tower 115 was the largest deal, while among the biggest new leases were a 5,752 sqm agreement signed in Westend Gate and a 5,000 sqm lease in Reding Tower I. PwC took 4,500 sqm in the newly completed Twin City A, while the Slovak Business Agency signed for 3,500 sqm. Swiss Re signed a lease of 14,200 sqm in building B, and it retained the option to expand another 6,300 sqm in Twin City. The entire project is scheduled for completion in Q1 2017. This year, Penta Investments is expected to complete Rosum, a new 22,000 sqm office building. Cresco’s project Staromestska, Panorama Business by J&T and Blumental Offices by Corwin Capital are in the pipeline for 2017.
