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Serbia · Warehouse · H1 2026

Serbia Warehouse & Logistics Market Report

Serbian logistics stock passes 7.1 million m² as CTP and VGP drive a speculative build-out into secondary cities; prime rents hold at €4–6/m²/month

↓ Download the full PDF — free Published 2026-07-02 · drawn from 1 named research sources · no sign-up
Serbia Warehouse
Market Report
H1 2026 PDF · Belgrade · Novi Sad · Niš

CBS International (Cushman & Wakefield) put Serbia's total modern industrial/logistics stock at ~7.1 million m² of GBA at end-H1 2025, with Belgrade and surroundings (incl. Stara Pazova, Pećinci) holding ~45% (≈3.17 million m²) and Vojvodina ~30%. Prime asking rents were stable at €4.0–6.0/m²/month depending on zone, prime yields at 8.00% for modern logistics and 8.50% for production, and vacancy hovered around 5% thanks to high pre-leasing. H1 2025 national take-up reached ~127,000 m² (+18% y/y), led by logistics, e-commerce and pharma occupiers. The market is expanding beyond Belgrade and Novi Sad into secondary cities — Niš, Kragujevac, Jagodina — led by CTP, with VGP a major new entrant.

Prime rent cited
€48–72/m²/yr
Cushman & Wakefield / CBS International · H1 2025
Prime yield cited
8–8.5%
Cushman & Wakefield / CBS International · H1 2025
Vacancy rate cited
5%
Cushman & Wakefield / CBS International · H1 2025
Take-up cited
127,000 m²
Cushman & Wakefield / CBS International · H1 2025
Pipeline cited
322,000 m²
Cushman & Wakefield / CBS International · H2 2025
Total stock cited
7,115,000 m²
Cushman & Wakefield / CBS International · H1 2025
Prime rent by city (€/m²/yr)
Belgrade €48–72/m²/yr
Novi Sad €48–66/m²/yr est
Niš €42–60/m²/yr est
Prime yield by city (%)
Belgrade 8–8.5%
Novi Sad 8–8.5% est
Niš not published

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Every figure is sourced from named research (JLL, CBRE, Cushman & Wakefield, Colliers, BNP Paribas Real Estate, Savills, Knight Frank) or shown as a labelled estimate / “not published”. Reporting periods and definitions differ by source; see the PDF’s Methodology & Sources. © 2026 WarehouseRentInfo.

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