Investor returns in commercial property will be lower this year than in 2014, according to CBRE.

The US commercial real estate company estimates that overall returns for the year are only likely to reach 14% across the UK, compared to 19.7% in 2014.

Chris Brett, Head of International Capital Markets at CBRE, said: “Commercial property investments won’t deliver the same return as in 2014, but our monthly index is likely to show total return of 14% for 2015, well ahead of the 8.2% average since 2000.

“London and the South East have been an engine for growth, driving returns in both office and industrial markets.”

Total returns in the Central London office market have reached 16.8% so far this year, well ahead of the 12.8% total returns seen across the UK’s commercial property market as a whole.

Midtown has been the best performer, delivering a return of 21.5% so far this year.