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Romania Retail Market Figures Q3 2023

Romania's modern retail stock amounts to approximately 4.2 million sq m at the end of Q3 2023, including the shopping centers and retail parks.

October 18, 2023 2 Minute Read

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Since the beginning of 2023, the market has grown by 112,000 sq m of GLA in 12 retail schemes, and the stock composition changed, with retail parks gaining more from the total share.

 

The vacancy rate in Bucharest in modern retail stock hovers around a stable pace. Strong development activity is being observed among retail parks, especially in the secondary and tertiary cities, which will transform the retail segment into a destination for investors in the process of portfolio diversification. 

 

The retail segment is one of the most attractive assets for the investment market.

 

Eight new players chose Romania in the first nine months of 2023, transforming our country into a retail destination.