During 2020 almost 143 000 sq m of retail space was delivered in the Romanian regional cities, with approximately 82 of these deliveries consisting of shopping centers AFI Palace Brasov,developed by AFI Europe, is the largest project completed last [...]
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 [...]
Uncertain pipeline on the short termPresently, new schemes or extensions to existing projects totaling around 50,000 sq. m are under construction and expected to be delivered by the end of the year, while a number of important projects have [...]
Low supply in Q3 Only one delivery has been recorded in Q3, namely Dâmboviţa Mall (31,200 sq. m) developed by Prime Kapital, the first modern retail project in Târgovişte. Another major delivery is expected in Q4, when AFI Palace Braşov [...]
At the end of H1 2020, the modern retail stock outside Bucharest reached 2.71 million sq. m. Approximately 56% of the stock is represented by shopping centers, while retail parks and commercial galleries represent 38% and 6% respectively. Retail [...]
The Covid-19 pandemic had a significant impact and continues to influence the results of Bucharest shopping centers, but they still remain the main option for most shoppers due to the limited offer of high-street retail. Bucharest Retail Market 2020 shares [...]
The Consumer Habits Post-Covid-19 Study shares Cushman & Wakefield Echinox findings resulted from a study in partnership with MKOR Consulting on 600 Romanian respondents, between 14-18 May 2020. The two months of isolation and the situation still fragile regarding the danger [...]
The Retail Readiness Essentials Checklist shares Cushman & Wakefield international experiences, industry knowledge and best practices. As retailers and landlords prepare to re-engage the customer, communicating their safety and building confidence are mandatory steps. Retailers and landlords will need to [...]
Openings postponed due to the state of emergency There were no new deliveries in Q1 as a result of the Covid-19 pandemic and all the Romanian retail projects have reduced their activity in late March (with the exception of grocery [...]
The restaurants and cafes sector (Food & Beverage) in Romania has been constantly growing during the last few years as a result of a robust increase in wages and purchasing power and due to the larger number of foreigners [...]
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