Market REcap Industrial Serbia Q2 2025
This Q2 2025 update on Serbia’s industrial market provides a clear overview of key performance indicators, including take-up levels, vacancy trends, and rental stability. Readers will gain insight into the sector’s continued resilience, with logistics leading demand, Belgrade driving vacancy compression, and a balanced development pipeline supporting sustained market momentum.
Serbia Industrial Market Overview
Serbia’s industrial market continues to show strong fundamentals, supported by steady demand and ongoing development activity. In Q2 2025, gross take-up reached 65,080 sqm, with logistics remaining the dominant driver, accounting for 54% of activity. The vacancy rate declined by 50 basis points YoY, primarily due to movement in the Belgrade submarket. Prime rents remained stable across all key regions, averaging €5.00 per sqm per month in most locations. With new completions and a more moderate pipeline, the market is expected to maintain healthy momentum in the coming quarters.
Head of Research and Marketing
