Bratislava Office Market Q2 2025: Stable Market Dominated by Renegotiations
The total demand for office space in Bratislava reached 36,500 sq m in Q2 2025, bringing the year-to-date figure just under 100,000 sq m. Lease renegotiations accounted for 55% of all transactions, highlighting the continued lack of new office supply.
Vacancy Rate Slightly Declined
The vacancy rate dropped slightly to 14.41%, supported by steady leasing activity and no new project completions. The market remains relatively balanced, with the public sector responsible for a quarter of all leasing volume.
Limited New Development on the Horizon
Only one new building is expected to be delivered in 2025 – the Zváračák project (4,000 sq m). Other key developments, such as Dunaj, Ganz Haus, and Chalupkova Offices, are planned for completion in 2026 and 2027.
In select areas, well-maintained Class B properties have proven more attractive to tenants than some Class A buildings, primarily due to competitive rents and better maintenance.
Prime Rents Continue to Rise
Strong demand for premium A+ office space and limited availability have pushed prime rents to €20.50/sq m/month. Further growth is expected, with rents likely to reach €21/sq m/month by year-end. Prime yield remains stable at 6.25%.
Outlook for the Coming Months
Demand for high-quality office space is expected to remain strong, while renegotiations will likely continue to dominate leasing activity due to limited new supply. Upward pressure on rents in top-tier buildings is expected to persist.
