Q4 2024: Serbia Industrial Overview

Serbia’s industrial market wrapped up 2024 with clear signs of strength and forward motion. A substantial 380,000 sqm of new stock was delivered over the year, underpinned by strong developer activity from players like CTP and VGP. The fourth quarter alone saw three new buildings added and nearly 92,200 sqm of net take-up, once again led by the logistics sector. Central and Southern Serbia are emerging as the next frontier for development, with Belgrade still anchoring most of the activity. With nearly 1 million sqm planned in the pipeline over the next five years, Serbia’s industrial sector is not just expanding, it’s laying down the foundation for long-term competitiveness in the region.