Understanding Bratislava's Evolving Office Landscape

Bratislava's office market has adopted a refined calculation methodology, now excluding owner-occupied and state-owned buildings to provide a more precise view of commercially available spaces. Following this adjustment, the total volume of office space stands at 1.76 million square meters, with the overall vacancy rate re-evaluated to 14.41 percent. This clearer picture highlights a competitive environment for businesses seeking prime locations.

Strong Demand for Premium and Sustainable Offices

A defining characteristic of the current market is the robust demand for modern, sustainable premium office spaces. An impressive 82 percent of all leases were concentrated in Class A+ and A categories, underscoring companies' preference for high-quality, energy-efficient environments. This trend is a clear indicator of businesses prioritizing cutting-edge facilities that support productivity and corporate sustainability goals.

Rental Prices Reach New Heights

The strong competition for limited premium spaces has pushed rental prices to unprecedented levels. The highest rents in Bratislava now reach up to 20.50 euros per square meter per month, marking an 8 percent annual increase. This surge is directly attributable to the restricted availability of modern office premises, making strategic planning crucial for businesses looking to secure desirable locations.

Vacancy Rates and Key Locations

Vacancy rates vary significantly across different parts of Bratislava. The City Center continues to be the most sought-after area, boasting the lowest vacancy rate at just 6.70 percent. In contrast, the Outer City has seen its vacancy rate rise to 17.65 percent, indicating a broader spread of available space further from the city core. Companies should consider these regional differences when evaluating their options.

Leasing Activity and Future Outlook

While the second quarter of 2025 saw a total leasing volume of 36,520 square meters, representing a 39 percent year-on-year decrease, renegotiations played a significant role, accounting for 55 percent of all lease transactions. The public sector emerged as the most active player, contributing to 31 percent of new leases. Looking ahead, developer activity is currently limited, but the period between 2025 and 2027 is expected to bring several new modern projects to the market, which will introduce much-needed fresh supply and potentially ease some of the current market pressures.

Source: reality.trend.sk