Yekaterinburg to face office building boom, predicts Ural Chamber of Real Estate
20 January 2006 (08:58)
‘Yekaterinburg is on the threshold of an office building boom’ Member of Ural Chamber of Real Estate Board and Managing Shareholder of BK-Nedvizhimost PLC Pavel Kusnetsov says.
According to the data announced by Mr Kusnetsov, Yekaterinburg has nearly 50 operating office centers, and about 15 are under construction.
Mr Kusnetsov claimed that at the moment, the main trends of the local office realty market were growth of supply mainly due to construction of new office centers, demand redistribution in favor of specialized office apartments, improvement of existing and projected office centers.
Meanwhile, experts still consider Yekaterinburg office realty market to be suffering from supply deficiency.
According to the data announced by Mr Kusnetsov, Yekaterinburg has nearly 50 operating office centers, and about 15 are under construction.
Mr Kusnetsov claimed that at the moment, the main trends of the local office realty market were growth of supply mainly due to construction of new office centers, demand redistribution in favor of specialized office apartments, improvement of existing and projected office centers.
Meanwhile, experts still consider Yekaterinburg office realty market to be suffering from supply deficiency.
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Other materials on the topic::
- Ural Chamber of Real Estate: Yekaterinburg has more available office space
- Real Chamber of Real Estate: negative macroeconomic trend might result in dropping demand for office space
- Nearly 20,000 sq m worth of office space launched in Yekaterinburg since January
- Ural Chamber of Real Estate: Supply of available good quality office space in Yekaterinburg to go down 7% by end of 2013
- Square meter of office space comes to between $1,000 and $3,500 in 2005, Ural Chamber of Real Estate reports