The study of 103 property-focussed institutional investors by BrickVest, also found that 42% thought the industrial sector would present the biggest commercial real estate investment opportunities, down from 44% in October.

The investor confidence in the office sector has increased significantly from the same study in October 2016 where just 20% selected this option.

Emmanuel Lumineau, CEO at BrickVest, said it had already seen a number opportunities for investors through its online real estate investment platform.

“Since the Brexit vote in June, we’ve seen a 72% increase in the number of investors joining the platform.

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 “We expect to see the highest level of volatility from the office sector as many international firms currently headquartered in the UK may put decisions on hold over their long-term office space requirements.

“If the UK no longer gives businesses access to the European market, they may need to spread their staff across multiple locations to more efficiently access both the UK and European market.”

BrickVest’s research also revealed that 48% of investors were planning to increase their allocation to commercial real estate over the next 12 months, with just 8% saying they would decrease it.

The study also looked at the main challenges which institutional investors faced when investing in commercial real estate.

Almost half (48%) suggested it was a lack of liquidity, while 42% pointed to the initial fee being too high and 40% claimed it was down to high regulatory and compliance reporting costs.