RETAIL
-Almost 240,000 square meters of new malls, shopping centers or expansions overall are likely to be delivered this year, triple from 2022, when 82,800 square meters of retail spaces were delivered, according to data from the Colliers real estate consultancy company.
-Approximately 100,000 sq. m of retail spaces were delivered last year, with retail parks having an 80% share, while cities such as Bucharest, Timisoara, Pitesti, Turda, Baia Mare, Slatina and Miercurea Ciuc benefited from such investments, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The new supply will significantly increase in 2023, as over 230,000 sq. m of retail spaces are currently under construction and are planned to be completed by the end of the year.
-Romania’s modern commerce universe exceeded the threshold of 4,000 stores in 2022 after the big retail chains opened more than 400 new units and closed some 20 units, local business daily Ziarul Financiar reported.
CONSTRUCTION
The volume of construction works, as gross series, increased by 12.6% in January-November 2022, y-o-y, an advance of 24.6% being recorded in the capital repairs sector, National Institute of Statistics data showed.
