The deepening differences between countries have led to trade wars and lately to a real war and caused chaos in many markets. Everything from food to precious metals to construction materials is becoming more expensive and harder to obtain. Export and import processes are becoming complicated. The European and Slovak industrial markets will pass a real test of resilience throughout the year 2022. In the first quarter, the Slovak industrial market showed good results and continued the significant success of the previous year. However, an energy crisis is on the horizon and reducing operating costs will be important to maintain a competitive advantage. For example, the implementation of highly efficient solar panels and other modern technologies.

• The total area of ​​modern industrial and logistics premises of class “A” in Slovakia reached more than 3,373,000 sq m in the first quarter of 2022. It increased by 17% year-on-year and the construction boom continues.

• The total leasing activity in Slovakia in the first quarter of 2022 reached more than 153,000 sq m, of which net take-up accounted for 125,000 sq m. Most new leases have been signed by logistics companies, followed immediately by e-commerce/retail companies.

• There are currently 23 buildings under construction with a total leasable area of ​​almost 395,710 sq m, of which 39% is in the Bratislava region. Speculative development projects in Slovakia are in decline due to great uncertainty in the construction materials market and are being replaced by pre-signed projects with clients.

• In the Bratislava region, almost 160,000 sq m is under construction, but tenants' demand for vacant space is still higher than the supply. The overall vacancy rate fell to 4.93% in the Bratislava region and to 6.34% in other regions due to high demand from the manufacturing and logistics sector.

• The war between Russia and Ukraine will affect food production in the future, which will be reflected in the prices of all other commodities. The conflict threatens global wheat supplies, as Russia and Ukraine are among their largest producers in the world. This will further indirectly affect the already high inflation rate in the Slovak Republic.