Property Times: Romania Retail H1 2016

 
 
Research title:

Romania Retail H1 2016

Publication name / Category:

Property Times

Date Added:

Oct 10, 2016

Research Summary:
  • Romania’s modern retail stock amounts 3.38 million sq. m.
  • With a retail stock of 1.12 million sq. m, Bucharest currently has 595 sq. m of modern retail space density per 1.000 inhabitants.
  • The VAT cut has had a positive impact on retail sales which reached a 16.8% y-o-y growth in H1 2016.
  • Fashion retailers’ expansion strategies have been aimed mostly towards new projects.
  • At the end of H1 2016, headline rents for units of 100 sq. m in prime shopping centres range between € 65 – 75/ sq. m/ month, in Bucharest, and € 22 – 27/sq. m/ month outside Bucharest.
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