CBRE: Romania ranks 28th in Europe for stock of commercial space

outranks , , and . ranks first, with 670 sqm per 1,000 inhabitants, followed by , with 410 sqm. "The Czech Republic and have the highest density of malls of all Central and Eastern European countries," said CBRE consultants.

According to research carried out by Cushman & Wakefield Activ Consulting, the development level in the Romanian retail segment reached a high last year, even if the market offer is limited. Four new commercial areas were completed in Q1 2007, which added 130,000 sqm to the existing stock.

The rise in annual expenditures in the European retail industry ranks 3rd among 27 countries, followed by and . ranks first, with a 10.5 percent increase, and second, with 10.4 percent.

According to research by Jones Lang LaSalle (JLL) real estate advisory company, sales on the local market amounted to some $700 (€452.51) per capita, with a 26 percent increase rate. 's market growth potential is 10 percent a year by 2010, one of the highest in Europe.