Colliers: Romania’s modern retail stock tops 5 million sqm in 2025, strong growth seen in 2026

Romania’s modern retail market surpassed the 5 million sqm threshold in 2025, following the delivery of around 190,000 sqm of new retail space, about 20% above the average of the past five years, according to an annual report by Colliers. Despite a more moderate economic backdrop, 2026 is expected to bring roughly 240,000 sqm of new retail developments, potentially making it the most active year for deliveries since 2011.

After a decade of rapid expansion, the market is entering a consolidation phase, with developers and retailers becoming more cautious. Even so, Romania continues to have less modern retail space per capita than other countries in the region, pointing to further medium-term growth potential, especially in regional cities.