Economic growth signals that in 2022 investment in commercial real estate should rise and reach pre-pandemic levels is Slovakia.
Officeinfo.sk referring to the latest EMEA Real Estate Market report Outlook 2022, prepared by the global real estate consulting company CBRE, expects growth in commercial real estate investment.
Office and retail – rising numbers
The total volume of investments in Slovakia increased by 48% year on year. According to experts in 2022 the volume will exceed 1 billion euros invested in Slovak commercial real estate. „In terms of sectors, we record an increase in 2021 primarily in logistics and retail real estate, but other segments are also doing well, and demand for office real estate should also increase this year,”- described Ľubor Procházka, the company’s sales director.
Last year was also a record for the Slovak office market with a total rental volume of almost 240,000 m2. The vacancy rate at the end of 2021 was at 11.7%, but in 2022 further decline is expected – as Officeinfo reports.
The retail real estate segment also reports positive news. “In 2022, we expect the turnover and attendance of shopping malls to reach a pre-pandemic level, as the summer months of 2021 showed high performance in these indicators and surpassed those of 2019,” continued Tomáš Lörincz, director of retail space.
Logistics still doing fine, Internet sales are on the rise
According to the company, the volume of investments in logistics real estate will remain high in 2022. In terms of leased m2 the most dominant were 3PL tenants (third-party logistics), which accounted for up to 45%, the automotive sector accounted for 20%.
Across Slovakia, another almost 200,000 m2 of A-standard space was built last year, and at the end of the year, approximately 400,000 m2 of new space was under construction. This year, professionals expect increased interest from companies in the Internet sales sector.