Sales and traffic figures registered in the first half of 2023 are higher than the similar period of 2019, considered the best year for retail in Romania, according to a market study by CBRE.
When analyzed, 2022 against the 2019 data, shopping centers managed to surpass the 2019 total turnover by 16%, while retail parks show a decrease of 5%.
Retail schemes completed 2022 with a positive yearly increase in aggregated turnover volumes, surpassing EUR 1.0 bln. milestone and marking a 5% increase when compared with the total amount registered for 2019.
Thus, when comparing the sum of the turnover registered in 2022 with the ones from 2021, at the national level, shopping centers marked an 18% YoY increase, and 2% retail parks.
But, when analysed 2022 against the 2019 data, shopping centers managed to surpass the 2019 total by 16%, while retail parks show a decrease of around 5%.
In the first half of the current year Romania retail stock gathers circa 4.15 mln. leasable sq m of modern shopping centers and retail parks spread throughout the country.
The total volume of modern retail spaces increased by 22,000 sqm in the first three months of the year, after an investment of 9 million euros in two retail parks.