Cushman & Wakefield Echinox: 2024 on track to be a record year for new retail deliveries in Romania

The new supply of retail projects could exceed the threshold of 200,000 sqm in Romania in 2024, considering that 140,000 sqm of shopping centers and retail parks were delivered nationwide in Q1-Q3, according to real estate consultancy company Cushman & Wakefield Echinox. By comparison, in 2023, developers completed 213,000 sqm of new retail spaces, a record of the last seven years.

Two new projects (Annabella Retail Park and Sinaia Plaza) and extensions to Ploiesti Shopping City and Prahova Value Centre were completed in the third quarter (Q3), totaling around 22,000 sqm.