The Russia commercial real estate market size reached USD 1.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.0 Billion by 2033, exhibiting a growth rate (CAGR) of 0.60% during 2025-2033.
Russia Commercial Real Estate Market Trends and Drivers:
The Russia commercial real estate market is undergoing important transformation characterized by a low growth rate along with strong underlying shifts in ownership in structure. The market adapts successfully. This adaptation toward geopolitical changes is a primary driver. A new wave of the domestic Russian businesses as well as companies from “friendly” countries have quickly filled the vacated office and retail spaces after the withdrawal of a large number of the Western companies created an initial period of uncertainty. Vacancy rates, most particularly for prime Class A properties like Moscow and for St. Petersburg, have remained at historically low levels due to this trend.
The extraordinary growth of the country’s e-commerce and logistics sectors is yet another key catalyst. Online retail rapidly expanded and thus it created demand. The demand is unprecedented for modern, high-quality warehouse also distribution facilities. For optimizing their delivery networks and meeting expectations of consumers, retailers and e-commerce giants are actively building logistics centers. This portion emerges as the strongest and most flexible piece of the market. It transacts record-breaking volumes as well as it maintains historically low vacancy rates.
Government policies for import substitution with a pivot to domestic manufacturing create new opportunities in industrial real estate. Because Russian firms localize production and Russian firms develop new supply chains, there is now a surge in the demand for such factory shells, manufacturing plants, and purpose-built industrial parks. This planned focus on self-sufficiency is reshaping the market landscape a long-term driver. Domestic players amass liquidity and seek assets so they increasingly invest in the market, also seeing foreign investors from Asia participate in large-scale infrastructure projects.
Russia Commercial Real Estate Market News:
- September 2025: A new report from a Russian real estate consulting firm highlighted that the logistics and warehouse segment was the undisputed leader in commercial real estate investment in the first half of 2025, accounting for over 50% of the total transaction volume.
- August 2025: A major Russian business announced the acquisition of a portfolio of office and retail assets previously owned by a departing European investment fund, a transaction facilitated by a government-approved structure that aims to transition foreign-owned assets to domestic control.
- July 2025: A leading Russian e-commerce company announced the commissioning of a new 100,000 square meter mega-warehouse in the Moscow region, a project designed to significantly increase its storage capacity and reduce delivery times for its fast-growing customer base.
- June 2025: The Russian government’s Ministry of Economic Development launched a new initiative to attract foreign direct investment from Asian countries, focusing on large-scale infrastructure and industrial projects. The initiative is expected to fuel a new wave of commercial real estate development in targeted regions.
Russia Commercial Real Estate Market Industry Segmentation:
Type Insights:
- Offices
- Retail
- Industrial and Logistics
- Multi-family
- Hospitality
Regional Insights:
- Central District
- Volga District
- Urals District
- Northwestern District
- Siberian District
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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