Office rent in Yekaterinburg went up 11% in 2006, reports Yarmarka Real Estate

10 April 2007 (09:36)

In Yekaterinburg, office rent has been rising slower than the acquisition prices over the last few years, with average rent growth coming to 10% to 15% a year, reports Yarmarka Real Estate.

Yarmarka’s experts say last year was like this as well since the average rent grew 11% and amounted to 860 RUR per square meter at the beginning of 2007. Last year, renting offices in office centers and business centers became 17% and 20% more expensive, respectively, and reached the point of 870 RUR and 1,015 RUR per square meter in January 2007. The price gap between class C offices and offices based in modern business centers is expected to keep widening.

The number of offices that can be let went up more than 55%, with the average area of an office actually going down from 200 square meters at the beginning of 2006 to 140 square meters one year later.

Other materials on the topic::