In 2025, deliveries of over 200,000 sqm of new retail space are expected in Romania, of which almost half will be shopping malls, according to a report by Colliers Romania.
Key projects include the expansion of Mall of Moldova in Iași by 62,000 sqm and the reopening of Agora Mall in Arad with 35,000 sqm.
A key trend in the sector is the resurgence of large-scale commercial complexes, with leasable areas exceeding 100,000 sqm. After a period focused on retail parks, companies like NEPI Rockcastle, Iulius, and Prime Kapital/MAS REI are once again turning their attention to large-scale projects.
"In the long term, Romania's retail sector has high growth potential, driven by rising consumption, but economic and geopolitical risks could affect the pace of development," explained Simina Niculiță, Director, Partner, Retail Agency at Colliers.
This continued expansion of the retail sector comes in an economic context where Colliers consultants expect sales-based rents to rise throughout 2025.
Occupancy rates in malls remain high, and new projects are well-received by the market, giving owners the opportunity to optimize their tenant mix and tailor their offerings to market demands.
While Romania's modern retail stock is still below the level of Western European countries, strong demand from retailers is attracting developers and investors, concludes the report.
