Despite global economic headwinds and reduced foreign investment in 2024, Slovenia’s real estate sector has shown remarkable resilience and is poised for continued growth in 2025, according to Colliers’ latest market report. The country’s macroeconomic fundamentals remain solid, with GDP expected to rise by 2.5% next year, up from 1.6% in 2024. Inflation slowed to 1.9% in 2024, prompting the European Central Bank to lower interest rates four times—a move that has boosted confidence and investment across multiple property segments.
Ljubljana continues to experience robust demand for office space, especially Class A buildings, despite limited supply. ESG (Environmental, Social, Governance) criteria are increasingly guiding leasing and development strategies. Prime office rents have reached €20.50/m², driven by high occupancy and the quality of new developments. Significant office projects currently underway include Vilharia (36,000 m²), Emonika (35,000 m²), WestLink CAMPUS (12,500 m²), and L33 (10,000 m²). Vacancy remains below 3%, underscoring a clear mismatch between supply and demand in the capital.
Logistics, Retail, and Hospitality Markets See Strong Activity
Slovenia’s industrial and logistics market remains dynamic, with prime warehouse rents ranging between €7 and €10 per square meter. The market has shifted toward larger, energy-efficient Class A facilities that align with ESG expectations. Notable completions in 2024 include Kobal Transporti’s 40,000 m² hub in Zalog and the 17,000 m² Harvey Norman logistics center in Zlatoličje. Upcoming projects like Log Center Adria (60,000 m²) and Spar LDC expansion (25,000 m²) will add approximately 120,000 m² in 2025. The vacancy rate remains tight at below 5%, ensuring continued investor interest.
The retail segment is also performing strongly, maintaining a 96% occupancy rate. Prime rents in Ljubljana’s shopping centers range from €19 to €24/m², while high street locations command €40 to €60/m² depending on the micro-location. Developments like the Emonika Shopping Center (24,500 m²) and Loberia Retail Park’s expansion are reinforcing the market’s strength. Retail led the investment segment in 2024, with major transactions such as the sale of Planet Tuš Koper and the Tuš and Nama portfolios contributing to a doubling of investment volumes, reaching €210 million.
Tourism continues to be a bright spot, with a 6.3% increase in tourist arrivals and a total of 16.9 million overnights in 2024—73% of which came from foreign visitors. The hotel sector is attracting international brands, with Hotel Habakuk in Maribor joining the Hard Rock chain and two new hotels planned as part of the Emonika development. Sustainability is becoming central to tourism growth, bolstering Slovenia’s brand as a green destination.
From commercial to logistics to tourism, Slovenia’s real estate market shows stable growth supported by strong fundamentals, low vacancy rates, and increasing alignment with global ESG standards. As interest rates stabilize and investor appetite grows, Slovenia positions itself as a small but smart and sustainable hub for regional real estate investment in 2025.
