Daniela Gavril (CBRE Romania) will moderate the second panel of BR’s Realty Forum 2022

• Sorin Preda, CEO & Founder | Global Vision
• Gabriel Tomescu, CEO | BMF Group
• Laurentiu-Catalin Hanu, Country Manager | ILD Romania

In regards to one of the most important topics to be discussed during the panel, CBRE Romania’s recent Romania Retail Destinations 2022 report, shows that stock of modern retail spaces will reach approximately 4.2 mln. sqm in 2022, including 140,000 sqm that will be delivered by the end of the year,

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„Romania ranks 5th in terms of retail density in Central Eastern Europe, with 205 sq. m per 1,000 inhabitants, after Slovakia (413 sq m), Czech Republic (386 sq m), Poland (276 sq m), and Hungary (231 sq m). We are only half of the first country in the ranking, which translates into growth potential of the local retail market, and in the next couple of years, the country’s average retail density is expected to increase by a minimum of 25%.” explains Daniela Gavril, Head of Research at CBRE Romania.

With approximately 0.5 million sq m under construction and 44% of the area under construction being already pre-let, the modern stock of industrial spaces in Romania reached 5.9 million sq m in the first semester of 2022, shows another recent CBRE Romania special report, the Romania Industrial Destinations research.

„Considering the development of new industrial spaces, it is important to underline that the developers’ focus is also on the East and North-East regions, not only on Bucharest and the West region as we were used to, and this trend will be more visible on the market. At the same time, logistics tenants have become more selective with the space they need, while developers are expressing their interest in Built-to-suit and Built-to-own projects. Last but not least, green certification is the new topic on everybody’s lips. Both developers and tenants are increasingly interested in industrial spaces and future projects that meet ESG requirements”, Daniela Gavril highlighted the market trends.