After a period of three-four years in which real estate developers’ expansion plans were almost exclusively focused on retail parks, which accounted for over 80% of the new supply, located in cities with fewer than 50,000 inhabitants, a shift towards bigger cities was noticed in 2023, a trend which will continue on medium term at least, said Dana Radoveneanu, Head of Retail Agency at real estate consulting firm Cushman & Wakefield Echinox.