Retail spending of Romanians up 7.1% in 2024

02
Jul
2025
News - Retail spending of Romanians up 7.1% in 2024 #Cushman & Wakefield Echinox #retail #Romania #Vlad Săftoiu

by Property Forum | Retail

Romanians spent approximately €40 billion in large retail chains last year, marking a 7.1% increase compared to 2023, according to research by Cushman & Wakefield Echinox. The result, while a slowdown from the 11.1% increase in 2023, still outpaced inflation. 


The study analyzed the financial results of 123 retailers across 13 diverse segments.

Major food stores continue to dominate spending, accounting for €24 billion, or 60.3% of the total. However, this segment saw a more modest 5.2% increase in sales, falling below the 2024 annual inflation rate of 5.6%. DIY stores followed with €4.3 billion (10.9%), then Electro IT with €3.6 billion (9.1%), and Fashion at €2.5 billion (6.2%). Entertainment, included for the first time, recorded the lowest spending. 

Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox, said: “While spending on food and on daily living remains high, a higher overall growth rate has been recorded by non-food products. This is a positive signal for the retail market, especially as most non-food segments from our study reported double-digit growth, indicating strong potential for operators looking to expand in Romania.” 

The robust turnover increases are attributed to both retail expansions and organic growth, driven by a surge in physical store sales and a significant online presence among most operators.

Developers have actively supported this expansion, delivering approximately 340,000 sqm of new retail spaces between 2024 and H1 2025, both in new schemes or extensions/upgrades of existing projects. 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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