The modern retail stock in Romania comprising both shopping centres and retail parks reached 3.63 mln. at the end of Q1 2019.
Prime rents (prime location, 100 sq m leased) stood for shopping centres – EUR 80 sq m/month, high street locations – EUR 50 sq m/month, while for retail parks - EUR 8-15 sq m/month.
Shopping centres will continue to be the first choice for new – entry companies, playing safely and thus benefiting from their reputation and the mix of integrated services they offer. With an increasing retail density both in Bucharest as well as in major regional cities, location and proximity are two key aspects that developers will highly analyse when taking their next step.