Rent for street retailers drops 21% in Yekaterinburg

UrBC, Yekaterinburg, September 29, 2015. The average rental price for Yekaterinburg’s street retailers dropped by 21% between January and September, Head of Ural Real Estate Chamber’s Analytic Department Mikhail Khorkov said at a press conference.

‘At the same time, the average price of a purchase and sale deal in the same sector only decreased by 5%. The main reason behind these decreases is the losses currently incurred by Sverdlovsk Region’s retailers. Besides, quite a few investors leaving the market made its impact as well,’he said.

Khorkov said the rental price only went down by 1% in 2014, while the average price of a purchase and sales deal rose by 4%.

Other materials on the topic::