CBRE expects the Russian commercial real estate investment market to grow to $4.5 billion in 2012, according to SA Commercial Prop News. In 2011, CRE investment transactions totaled $6.4 billion.

Over 3.4 million square feet of industrial space was delivered into the market in the first half of 2012 and yet the vacancy rate in this sector remains below two percent. Average rents for industrial space are at $12.54/sf.
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CBRE expects the Russian economy to grow by 4 percent for the third year in a row, unless economic problems in Europe and the U.S. lead to a decline in oil prices. The Russian economy is expected to outperform the majority of its counterparts, according to the report.

Last Updated on August 23, 2012 by Ramin Seddiq