Lipscani Street in central Bucharest has been tipped by Colliers International as an emerging European retail hotspot.
Lipscani Street in central Bucharest has been tipped by Colliers International as an emerging European retail hotspot.
Five fashion brands have secured new locations on Lipscani Street this year and there is increasing demand from large international retail brands, according to a study published by Colliers International Romania.
The street comprises 19,000 m2 of retail stock.
Considered by many to be 'the rising star' of Bucharest’s high-street market, Lipscani Street has seen a 20% rent increase this year and virtually zero vacancy.
'The launch of H&M in the Old City Center confirms its position as the most sought-after commercial area in Romania and reiterates Lipscani Street’s prerequisites for becoming the most attractive shopping avenue in Bucharest, similar in terms of attractiveness and development potential to other famous European shopping streets,' said Liana Dumitru, associate director of Colliers International Romania's retail team.
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