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More shopping for Romania

01 February 2018

ROMANIA Over 2017, modern retail stock increased to 3.48 mln sqm in shopping centres and retail parks, according to the latest figures by CBRE.

The national average retail density now stands at 160 sqm per 1,000 inhabitants, while in Bucharest there is 540 sqm per1,000 inhabitants. Over 100,000 sqm of new retail space was delivered over the year and currently there is app. 150,000 sqm under construction in cities such as Brașov, Bistrița, Târgu Mureș, Satu Mare, Craiova and Timișoara. The total volume of extensions delivered over the year came to 43,000 sqm, while by 2019 this figure is expected to reach 95,000 sqm out of which Bucharest will account for more than 70 pct of the total. Bucharest prime shopping centre yields came down to 6.75 pct, while for the main regional cities it also decreased to 7.75 pct compared to Q4 2017.

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