Ten new retail projects have been completed in Romania in 2021, with a total GLA of around 100,000 square meters.
The developers’ interest has shifted mostly towards tertiary cities with less than 150,000 inhabitants and also towards retail parks.
Therefore, developers focused mainly on cities with a low stock of modern retail spaces such as, Bârlad, Sfântu Gheorghe, Roșiorii de Vede, Mediaș, Baia Mare or Focșani.
The only project delivered last year in Bucharest was the first phase of Fashion House Pallady of 8,500 square meters.
The most important deliveries, in terms of area, were Prahova Value Center (21,900 sq. m), Sepsi Value Center (16,300 sq. m) and Bârlad Value Center (16,300 sq. m).
Retail parks continue to be the format targeted by developers in 2022, as more than 80% of the 100,000 square meters of new spaces are represented by such schemes.
The 16,500 sq. m extension of Colosseum Mall in Bucharest is the only shopping center that will be completed in 2022.