The total stock of modern retail spaces in Romania reached approximately 4,03 mln. sq m in H1 2022, after the delivery of 36,500 sq m in four different retail schemes throughout the country.
More than half of the new supply is represented by 3 retail parks located in small sized towns. The remaining 45% is claimed by shopping centers.
With 30% of total retail stock, Bucharest has the largest share of the modern retail stock in the country. After the delivery of 16,500 sq m in the first part of the year, the capital city hosts circa 1,2 mln. sq m.
At the same time, 64% of total retail stock in Bucharest is represented by shopping centers (780,000 sq m) and 36% by retail parks (420,000 sq m).
Moreover, by type of formats, shopping centers dominate the market, representing 63% of total retail stock in Romania, while retail parks claim 37% of the total area.
In addition, an estimated 88,000 sq m will be delivered by the end of the year. 75% of the area will be developed as retail parks and shopping centers amounting only 13,000 sq m.
For 2023, another 172,000 sq m are expected to be added to the country’s modern stock, out of which almost half (47%) as a shopping center format.