Yekaterinburg: 7% of Mall Space Empty

9 December 2019 (09:13)

UrBC, Yekaterinburg, December 9, 2019. The share of vacant shopping space in Yekaterinburg malls has gone down from 13% in 2016 to 7% in 2019, Head of Analytical Department at Ural Real Estate Chamber Mikhail Khorkov says.

‘Back in 2016, 13% of mall space remained empty; this year, the figure had gone down to 7% on average and to 6% in the city’s largest shopping malls. In the meantime, rental prices show no signs of dropping, even though quite a few managing companies did adjust their prices inflation-wise. This means the conditions are ripe for the rental rates to start going down slowly,’ Khorkov said at the Russian Managers & Developers’ Guild’s Sverdlovsk Region division’s recent summit.

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