Last year proved itself a good year for Russian commercial real estate, with $9.5 billion in investment – a 70% jump over the previous year.
RIA Novosti, citing data from the Russian real estate consulting firm S.A. Ricci, notes that the share of foreign investment in the Russian market grew 400% last year to $3.2 billion. The retail segment experienced the largest sector growth, rising from 4% in of the total market in 2010 to 34% in 2011, reaching nearly $3 billion.
However, the $4.2 billion Russian office space segment saw a downturn last year, comprising 45% of the total market – down from 71% in 2010.
