Q1 2025: Serbia Industrial Overview

Serbia’s industrial real estate sector remains stable and promising. With over 1.2 million sqm of modern A-Class space and no new completions in Q1 2025, the market still recorded a solid 52,450 sqm in net take-up, driven mainly by the logistics sector. Prime rents stayed at €5/sqm/month, and vacancy held at 6.5%, signaling healthy market balance. Belgrade and Vojvodina continue to lead in both total stock and activity, reinforcing their role as key industrial zones.