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Cushman & Wakefield Echinox: Slow first quarter for retail supply, but consistent recovery is expected for the rest of the year

Cushman & Wakefield Echinox: Slow first quarter for retail supply, but consistent recovery is expected for the rest of the year
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After a slow first quarter in terms of retail new supply, the rest of the year will be very active

The retail market in Romania had a slow start this year in terms of development activity. However, a consistent recovery is expected for the rest of the year, as projects totaling approximately 120,000 sq. m are scheduled to be completed in the coming months.

The development activity in the retail market remains animated: Close to 215,000 sq m were delivered in 2023

The development activity in the retail market remains animated: Close to 215,000 sq m were delivered in 2023

Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, with cities such Bucharest, Craiova, Alba Iulia, Arad, Giurgiu, Vaslui benefiting from such investments.

Close to 215,000 sqm of retail spaces were delivered in 2023, the highest level during the last 7 years

Close to 215,000 sqm of retail spaces were delivered in 2023, the highest level during the last 7 years
thediplomat.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.ro Daily Mail and Mail on Sunday newspapers.

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