Colliers: Romania reaches 5 million sqm of retail space, room to grow in smaller cities

Real estate consultancy Colliers took stock of Romania’s development in terms of retail space in an in-depth analysis marking 30 years of activity in the country, highlighting that room to grow still exists in small and medium-sized cities. “In 1996, when Colliers entered the Romanian market, modern retail was only just emerging. That same year, Metro opened the country’s first cash-and-carry store, at a time when most shopping still took place in markets, department stores and traditional retail formats,” Colliers said in a press release. Bucharest Mall (1999) and the first Carrefour…