The analysis is based on the offers listed on the website Spatiicomerciale.ro, an online project specialized on the retail segment, which was launched this year by Imobiliare.ro.
“Unlike other sectors of the real estate market, the retail spaces segment is highly dependent on location, considering that sales depend on pedestrian traffic,” according to the study.
In downtown Bucharest, retail spaces on secondary streets may be rented out even for EUR20/sqm/month, whereas on primary retail streets, rents start from around EUR50/sqm/month.
Timisoara comes second after Bucharest among Romanian cities with the highest prime rents which start from EUR18-20/sqm.
In central city of Brasov, a 200-sqm prime retail space can be rented out for EUR17/sqm, which translates into EUR3,400 per month.
In northwestern city of Cluj-Napoca, a 45-sqm store can be rented out for a little over EUR12/sqm, which translates into around EUR550 per month. In northeastern city of Iasi, a 223-sqm prime retail space can be rented out for EUR10/sqm, which means EUR2,230 per month.
Southeastern city of Constanta, on the Black Sea coast, places last in terms of prime rents, considering that a 140-sqm prime retail space can be rented out for EUR7.5/sqm, which means EUR1,050 per month.
Launched in January 2000, imobiliare.ro is the main real estate portal in Romania, with more than 38,000 unique visitors daily.