Serbia Industrial Market Overview: Q1 2026
Serbia’s industrial market in Q1 2026 shows resilience, supported by steady demand, declining vacancy rates, and a stable development pipeline. Belgrade continues to dominate industrial activity, reinforcing its role as the central hub for logistics and production in the country.
The total industrial stock reached 1.5 million sqm, with 20,000 sqm of completions and 157,000 sqm currently under construction, reflecting a moderate but consistent growth trajectory.
Vacancy rates declined to 5.8%, indicating stronger occupancy levels across key regions and improved market balance.
Production accounted for 64% of total take-up in Q1 2026, followed by 3PL and logistics at 30% and distribution at 6%, making production the key driver of market performance.
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Head of Marketing and Market Research
