BUCHAREST RETAIL MARKET 2019

April 2019: The modern retail stock in Bucharest remained stable in 2018, at 1.2 million square meters, a level which is 7% higher than in the Central-West region of the country (16 counties in Transylvania and Banat areas), which reached 1.18 million square meters, and twice the corresponding value of the Moldova region (eight counties), which reached 595,000 square meters, according to the Bucharest Retail Market report released by the Cushman & Wakefield Echinox real estate consultancy firm.
The average vacacy rate for shopping centers in Bucharest declined from 3% to 2% over the past year, The average vacancy rate for shopping centers in Bucharest declined from 3% to 2% over the past year.