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Retail By City

YekaterinburgRussian Federation

city rank #93

City Overview

Yekaterinburg is the fourth largest city in Russia, with a population of 1,469 million. It is the economic, industrial, and cultural centre of the Urals region and located 1667 km to the east of Moscow. Yekaterinburg’s retail market is well-developed. In the Q2 2018, the volume of quality SC stock reached 752,931 sq m, averaging 513 sq m per 1,000 inhabitants. Moreover, there are several projects in pipeline with total retail space over 100,000 sq m GLA. The only scheme, delivered to the market since Q3 2016, is the 5th stage of existing mall Greenwich (adding GLA 65,000) to it. Leasable area of this phase is 48,800 sq m GLA. Major players include Greenwich (GLA 258,700) and MEGA (GLA 99,500). There are no retail parks or outlet centres in the city. In the modern shopping malls vacancy rates are below 3-4%, while others may face much stronger deficit of tenants. Yekaterinburg is one of the most attractive regional markets for retailers. Many large international brands such as IKEA, Auchan, Metro Cash & Carry, OBI operate successfully. International fashion brands represented in the city include H&M, Mango, and Zara. Luxury brands such as Chanel, Christian Dior, and Louis Vuitton also have a presence in the city. There are 169 international brands, operating in the city. Average rental rates for the gallery tenants (50-300 sq m) may vary from $570 to $1000 per 1 sq m per year

Things to do

See

Work

Vainera pedestrianised street, SC Raduga Park, SC Grinwich, Akademicheskiy (new urban district)

Rest

The Church on the Blood, the Damb (locals call it Plotinka), the Antei (business centre) rooftop lookout, Circus

And be seen

Eat

Low Field, Mac Peak (local fast food chain, similar to McDonald's)


Drink

Beer in Tinkoff and Pivnaya Bochka, Whiskey in Churchill


Be Merry

Divan, Art-club Podval


Other Cities in Russian Federation

Contact Us

MICHAEL ROGOZHIN
BC OKO, Moscow-City
1 Krasnogvardeysky pr-d, 21, bld. 1, 29th floor
873306 | Michael.Rogozhin@cbre.com