BUCHAREST RETAIL MARKET 2021 REPORT

The modern retail stock in Bucharest reached 1 25 mil sq m at the end of 2020. The stock consists of 15 shopping centers with a total GLA of 709 000 sq m (57% of the stock), 11 retail parks comprising of a GLA of 438 000 sq m (35%), while 6 commercial galleries (105 000 sq m GLA) cover the remaining 8 %. The 1 st District of Bucharest, the most affluent, has the highest density, with 799 sq m/ 1 000 inhabitants, but also the highest headline rent, with a benchmark of EUR 70-75 per sq m/ month in Baneasa Shopping City.