ROMANIA RETAIL Q1 2023
Last year, new retail projects with a cumulative area of approximately 104,000 square meters have been delivered in Romania, with no new retail project being completed in Bucharest.
At a city-based level, the highest retail space density can be found in Suceava (1,167 sq m / 1,000 inhabitants) and Oradea (1,014 sq m / 1,000 inhabitants), while in the primary cities with a population of over 250,000 inhabitants, this indicator varies between 380 sqm / 1,000 inhabitants in Craiova and 692 sq m / 1,000 inhabitants in Timisoara.
- the Central-West region of the country (16 counties in Transylvania and Banat areas), reached 1.18 million square meters
- Moldova region (eight counties), reached 595,000 square meters
- we expect the deliveries of commercial spaces to accelerate this year up to 140,000 square meters.