Leading developer JTRE is set to transform a significant area in Bratislava's Mlynské Nívy district with a major new mixed-use development based on the 15-minute city concept. This project is poised to enhance the appeal and functionality of this key business location.
Despite the slowdown in the office sector, Bratislava continues to see growth from key players. Discover the leading developers shaping the city's office market and their major projects offering potential new space for your business.
Contera is set to transform a former brownfield in Bratislava into a dynamic hub for small business units. The City Site project, now underway, promises modern, flexible spaces designed to meet the diverse needs of growing local companies, from healthcare labs to tech workshops and showrooms.
Slovakia and the rest of the Central and Eastern European region are facing a favorable investment period in the field of commercial real estate. The dynamics that the sector is experiencing are in contrast to the geopolitical tensions and trade uncertainties that are affecting Western markets. While in Western Europe investors consider the risks associated with inflation, high interest rates and trade restrictions, the CEE region (Central and Eastern Europe) benefits from favorable structural factors, relatively low costs and a growing consumer base.
The volume of office leases in Bratislava increased by 36 percent year-on-year and total leasing activity reached 62,847 square meters. However, new office construction on the Bratislava market is stagnating, with three projects currently under construction. Despite the high vacancy rate, the supply of modern, quality offices remains limited, which creates pressure on premium rents. This is according to an analysis by real estate consultancy CBRE.
The Vydrica quarter project in Bratislava has reached a key milestone with its first office building, Vydrica Offices, receiving use approval. This prime Danube waterfront location now offers premium office space ready for occupancy.
A new methodology for monitoring the office market in Bratislava came into effect in the first quarter of 2025, fundamentally changing the way the total supply is calculated. Buildings used exclusively by owners were excluded from the market, which brought a more realistic view of the availability of space for tenants and investors. The result is a lower official volume of office space, a higher vacancy rate, but at the same time a more accurate picture of the market.
The office space market in Central and Eastern Europe is being affected by various factors, including changing working habits due to hybrid working, as well as geopolitical challenges. Cities such as Warsaw, Budapest and Prague are becoming centers of demand for modern office space, which must meet high standards of sustainability and flexibility. Given the growing demand for smart and flexible spaces, investors are focusing on renovating older buildings and constructing new ones that match the trends of hybrid working.
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