The stock of modern retail spaces in Romania will reach approximately 4.2 mln. sq m in 2022, including 140,000 sq m that will be delivered by the end of the year, according to the Romania Retail Destinations 2022 research launched by CBRE.
With 165,800 sq m under construction, over 60% of the total retail stock is in the biggest regional cities, and a major part of it is dedicated to retail parks.
Additionally, 180,000 sq m are planned to be added to the existing modern retail stock all over the country due to the increasing demand.
By under-construction area, Bucharest is the leading city, with 66,222 sq m under construction, which representing 40% of the total under construction surface.
Next comes Craiova, with almost 60,000 sq m under construction, followed by Timișoara (21,400 sq m), and Iași (13,300 sq m).
Regarding the planned retail space, Iași leads the market, with approx. 57,000 sq m, followed by Cluj-Napoca (55,000 sq m), Bucharest (approx. 34,000 sq m), Craiova (23,000 sq m), and Brașov (11,600 sq m).
From the point of view of total existing retail stock, Bucharest ranks first, with over 1,2 mln. sq m, which is approx. 47% of the total retail spaces in Romania.
Bucharest is followed by Timișoara (199,200 sq m), Constanța (183600 sq. m), Cluj-Napoca (157,600 sq m), and Iași (156,100 sq m).
At the same time, regarding the cities with the largest shopping centres surface, Bucharest occupies the largest surface (773,300 sq m), which is 4.5 times bigger than what exists in the following city, Brașov (171,000 sq m.).
Next comes Timișoara (170,000 sq m), followed by Cluj-Napoca (over 123,000 sq m), and Constanța (118,000 sq m).
By shopping centres-retail parks proportion, Brașov is on the first place, with 97% of the retail surface dedicated to shopping centres. It is followed by Timișoara (85%), Cluj-Napoca (78%), Ploiești (70%), Iași (67%), Bucharest (64%), and Constanța (64%).
Craiova has the biggest rate of total surface dedicated to retail parks, followed by Oradea (46%), Suceava (46%), Bucharest (36%), Constanța (36%), and Iași (33%).
Retail parks currently represent almost 36% of the total retail stock in Romania, which is 4 mln. sq m right now.
