In Bucharest malls, where Romanian or foreign shareholders haveinvested over 1.1bn euros, something is happening every week: astore opens, another is moved, others close, but most of the timesbusiness goes on.
To observe how much life there is in these projects, how tenantsadapt to more easily go through this period and consumptiontendencies, Business Construct magazine will periodically analysethe situation of available spaces in malls.
The first step was taken in April, when around 171 spaces werevacant in the 8 malls of Bucharest. Four months on, in mid-August,their number rose by 18% to 202, six of the 8 analysed projectshaving rising available space.
Overall, the 8 malls have approximately 1,000 spaces for stores,according to the figures announced by mall managers, meaning thatone in five would be available.
Just two malls of Bucharest boast a better situation against April:Bucureşti Mall of Vitan, the first mall of Romania, has only 6vacant spaces, compared with 7 in April, while in Sun Plaza thenumber of available spaces dropped from 24 to 17 in the wake ofseveral openings operated by retailers with older contracts.
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