‘The year 2005 set a new price-soaring record in the field of rented real estate in Yekaterinburg. This is especially true for sections of office space and trade centers,’ Member of Ural Chamber of Real Estate Board and Managing Shareholder of BK-Nedvizhimost PLC Pavel Kusnetsov announced at today’s press conference.

According to Mr Kusnetsov, most of the renting contracts concerning trade center sectors stated the price as $60 to $100 per square meter monthly, and contracts concerning office space had it as $25 to $35 in old buildings and $30 to $45 in newly constructed customized office buildings. Thus, the average annual rent price came to $720-$1200 and $300-$420 per square meter, respectively.

As for purchase and sale transactions, the prices ranged between $1,000 to $3,500 for trade center segments and $700 to $ 1,700 for office space.

‘The most salient trends of the year were introduction of new customer service formats such as really large trade centers that had attracted more customers than the old stores, the arrival of new players, including federal and international chain stores and networks, the continual growth of rent and purchase prices, improvement of trade center management and better quality construction projects,’ Mr Kusnetsov said.