The UK Commercial Property Market Report — which was produced by Shawbrook Bank and complied by the Centre for Economics and Business Research — assessed the current state of the commercial property market.

The report found that the market has returned 308% to investors over the past 18 years, compared with 209% for the FTSE 100.

Average yields have been stable, remaining almost unchanged at 5% since 2015.

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“Although uncertainty is present, the commercial property market remains fundamentally resilient in terms of both yield and capital growth,” said Rob Lankey, director of commercial property investment at Shawbrook.

“Despite investors taking a wait-and-see approach, we believe many are stockpiling cash and simply postponing activity until we have a definitive Brexit outcome.”

Rob added that there could be a “‘post-Brexit binge’ from professional investors looking to utilise the cash they have stockpiled”.