AVS Group Reviewed Commercial Realty Market in 2012
OREANDA-NEWS. January 18, 2013. Today in Yekaterinburg there are almost 1,5 million square meters of commercial realty and 98 realty offices. The question: Is it necessary to build more? Is irrelevant, It turns out that with the annual growth of commercial areas we fell the lack of them.
Office realty is classified into 4 types: A,B+, B and C. Business and office centers of class A is a big rarity even for such big city like Yekaterinburg, the part of the market in such centers is only 17% and these business centers are already filled. The volume of the areas of the business centers of A-class is 216,963 sq m., the rent for the next year is 1300-1600 rubles for 1 sq m.
Class B+ is characterized by high level of comfort and a plenty of services, it is closed to the highest class of commercial realty. Deficit of these areas is bigger than for the class A. The volume of B+ in Yekaterinburg is 327 907 sq m (25% of the market), the rent for the end of 2012 is 1200 rubles for 1 sq m.
The block of commercial realty of class B in Yekaterinburg is presented in sufficient amount, besides business centers of this level every year are built and put in commission, but their quality level is worse than of business centers of class A and B+. The rent for the end of 2012 is from 800 up to 1200 rubles for 1 sq m. The volume is 737,011 sq m (56% of all part of the market).
The rarest and less demanded today is class C of office realty: the rent for the areas of this category is 680 rubles, the part of the market is 2% (23 600 sq m). Experts consider that it will promote the market to transit from extensive to the qualitative development.
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