Existing office price goes up 62% compared to 2005

22 December 2006 (11:39)

‘The average existing office price went up 62% compared to 2005 and amounted to 69,463 RUR per one square meter. Class B offices are the ones that enjoy the greatest demand in Yekaterinburg, so the construction of this type of offices receives the heaviest investment at the moment. The local entrepreneurs are trying to get class B offices, but usually end up having to use class C ones or even lower, that is, offices located on the premises of former research institutes. The price of commercial premises grew by 70%, with the average price per one square meter coming to 85,000 RUR,’ Rustam Galeev, the Managing Director of Ural Chamber of Real Estate, announced at the press conference devoted to the regional real estate market.

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