Figures
Belgrade Retail Figures Q2 2026
July 2, 2026 5 Minute Read
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CBRE's Belgrade Retail Figures Q2 2026 report provides an overview of the latest retail market trends in Belgrade and Serbia, including rental levels, yields, stock, development activity and occupier demand. The report also examines the performance of shopping centres and retail parks, alongside key developments shaping the country's retail landscape.
What is the current state of the retail market in Belgrade and Serbia in Q2 2026?
Belgrade's retail market remained stable in Q2 2026, supported by healthy occupier demand, steady leasing activity and continued investment in existing retail destinations. While shopping centre stock remained unchanged at 431,000 sq. m, retail parks continued to drive expansion across Serbia through an active development pipeline.
What are the key retail market indicators in Q2 2026?
Prime shopping centre rents in Belgrade stood at €65 per sq. m per month, while average rental levels ranged between €26–29 per sq. m per month in shopping centres and €9–12 per sq. m per month in retail parks. Prime yields remained stable at 8.25% for shopping centres and 7.50% for retail parks.
What is driving retail market growth across Serbia?
Retail parks remain the primary source of retail market growth, with more than 93,000 sq. m of new retail park space currently under construction across Serbia. At the same time, shopping centre owners continue to invest in refurbishment, modernization and expansion projects to enhance the customer experience and maintain competitiveness. Ongoing development activity, combined with new international brand entries, continues to support the evolution of Serbia's retail sector.
Download the full Belgrade Retail Figures Q2 2026 report for detailed market data, development activity, rental benchmarks and CBRE's analysis of the retail market in Belgrade and Serbia.