Just below Piata Mare and connected to it by a covered passage, the Small Square (Piata Mica) is more intimate and arguably more charming than its neighbour. The surrounding buildings are a mix of Gothic, Renaissance, and Baroque, many with arcaded ground floors that once sheltered market stalls.
The Iron Bridge at one end of the square offers a view down into the lower town and across to the city walls. The square itself hosts smaller festivals and markets throughout the year, including an antiques market on weekend mornings. At street level, the arcades are occupied by restaurants and cafes.