Following the year 2022, marked by fewer deliveries of modern retail developments, with only 77,000 square meters added to the total existing area, i.e. half of the initially estimated deliveries and a substantial drop compared to the 102,000 square meters registered in 2021.

‘This year, the construction of shopping malls will be significantly reduced, but our position will be strong in the construction of strip malls (outdoor malls), family centers, and what we, retail specialists, generically refer to as shopping spaces.

Marian Ciupitu, General Manager of Terano Construct, is of the opinion that the expansion of shopping malls is put on hold because of factors related to the repeated price increases in the construction materials (approximately 30-40%), the salary increases, the lack of stocks, the market’s lack of predictability, the saturation with such malls and shopping parks.

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