As JTRE completes the main structure of its mixed-use Ganz House project, businesses can now look forward to securing prime office and retail spaces in a strategically located Bratislava development set for completion in 2026.
Slovakia's labor market experienced surprising trends in July, with unemployment seeing a slight seasonal increase but a record number of job vacancies persisting. This 'two-speed' market, characterized by significant regional disparities and an increasing reliance on foreign labor, presents both opportunities and strategic considerations for businesses seeking new office or warehouse locations.
Discover how Generation Z is redefining workplace norms, pushing businesses to rethink everything from company culture to office design. Learn what young professionals truly value and how adapting your office space can be key to attracting and retaining the best talent.
While a significant majority of Slovak companies prefer to own their office spaces, new data reveals a fascinating paradox: many underutilize these assets. This conservative approach, however, opens up unique opportunities for businesses looking for flexible, modern, and cost-effective rental solutions, particularly in dynamic markets like Bratislava.
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 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.
The Slovak real estate market struggled with high interest rates and investor uncertainty in 2024, leading to a 19 percent year-on-year decline in investment. However, some sectors showed resilience – retail and residential real estate saw growth. 2025 should bring a revival in investment activity, mainly due to falling interest rates and growing interest in larger transactions.
The new Construction Act, which will enter into force on 1 April 2025, brings with it a number of significant changes that should significantly affect construction and construction procedures in Slovakia. The new Construction Act has a positive impact on the efficiency of construction processes, promises a significant reduction in the administrative burden and should strengthen the professionalization of the state construction administration. Are brighter times ahead?
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