JLL reports that the Slovak industrial market produced 333,000 sqm in leasing deals in 2014, up 42 percent from just 235,000 sqm in 2013. In the last quarter of the year alone, 205,000 sqm worth of deals were completed, twice as much as in Q4 2013 and four times as much as Q3 2013. JLL reports that most of the transactions in 2014’s final quarter took place in Prologis logistics parks, with Tesco renewing its agreements for 126,000 sqm of space at Senec and in Galanta, and another 16,000 sqm in deals done with other Prologis clients. Additional deals were completed at CPI park in Lozorno (13,000 sqm), and at Logistics Park Raca (10,000 sqm).
“We expect continuous strong competition as far as new and existing tenants are concerned, especially in the Bratislava region,” says Martin Stratov, Head of Industrial Agency JLL Slovakia. “The main factors remain to be headline rents, rent free periods and possibilities of reducing service charges. It is positive that for the last 12 months we have registered increasing demand in Zilina and Eastern Slovakia. Both these parts of Slovakia strengthen its position on the investor´s map due to the possibility of government subsidies.”
