Quarterly investment volumes into Scottish commercial property reached £460m in the first quarter, up from £380m during the same period a year ago.
Commercial property services group Colliers reported that at £140m, retail investment accounted for 30% of all activity by value.
Despite investment volumes being 20% below the five-year average of £570m, the country attracted a significant amount of overseas investment, with cross border capital accounting for more than 60% of all activity - one of the largest shares on record.
Looking at the major cities, Aberdeen attracted £160m of investment in the first quarter, considerably higher than the average of £40m, while £150m was transacted in Edinburgh. Activity was more limited in Glasgow.