Q4 2025: Serbia Industrial Market Overview
Even in a relatively quiet year, the Serbian industrial market has remained resilient, supported by stable demand and low vacancy levels. Logistics and 3PL operators remained the dominant drivers of the Serbian industrial market, underpinning overall demand across key regions.
Rents remained stable across all regions, with prime headline rents at EUR 5.0/sqm/month. Investment yields compressed further, reflecting strong investor interest, while vacancy rates reached historically low levels in key submarkets. The Belgrade area continues to dominate the Serbian industrial market, accounting for 64% of existing stock and 76% of projects currently under construction. Looking ahead, a promising development pipeline is expected to support further market growth.
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Head of Marketing and Market Research
