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Press Release
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https://www.evaluari-proprietati-romania.ro/en/press-release/value-completed-properties.html
The development activity on the shopping centres market has slowed lately, as a result of the delays in obtaining construction permits, but also due to a limited number of active developers and a decreasing number of opportunities to build dominant schemes across the main cities.
Only one shopping center was delivered in the first 6 months of this year, respectively the 11,000 sq m GLA gallery at the ground floor and mezzanine of Platinia residential complex in Cluj Napoca.
The modern shopping center stock has reached a total of 3,152,215 sq m GLA nationwide, corresponding to a shopping centers density of 159 sq m / 1,000 inhabitants. Most of the major cities have average densities of 250-550 sq m / 1,000 inhabitants, with only 7 cities having superior ratio (Suceava, Oradea, Deva, Constanta, Pitesti, Bacau, Arad).