The Slovak industrial market accelerated in Q3, with gross take-up hitting 52,640 sqm, a 30-percent increase from the previous quarter, according to a report published by Cushman & Wakefield. Prologis was responsible for 57 percent of the gross take-up, followed by CPI with 15 percent and J&T and HB Reavis with 8 percent each. Just 21,000 sqm in new leases were signed, while only one new development was completed in Senec. Prologis delivered a BTS production warehouse, adding 14,000 sqm to the Slovak industrial market. The vacancy rate, however, remains relatively low at 4.6 percent and might encourage further development as the economy shows signs of recovery, according to the C&W report.
