Report: Romania’s retail market saw more projects in 2024, but total leasable area was 15% lower YoY

Romania’s modern retail stock reached 4.62 million sqm in 2024, with around 180,000 sqm of gross leasable area (GLA) delivered during the year. While this marked a 15% decrease compared to 2023, it was still one of the strongest years for new retail completions in the past decade, according to real estate consultancy Cushman & Wakefield Echinox.

A total of 14 retail projects were completed, including both new developments and extensions of existing schemes. Retail parks accounted for 64% of the new supply, with the remainder being shopping centers.