UK commercial property investment has totalled £11.2bn in the year to date despite a subdued start to 2026, according to Colliers' latest report.

Colliers said the figures showed the underlying resilience in the UK investment market. While activity has moderated in the year so far, with investment volumes for offices and logistics down 27% and 22% respectively compared with the same period in 2025, the firm said deal volumes reflected a period of adjustment as investors responded to the higher-for-longer interest rate environment and market volatility.

London continues to lead the market, accounting for 41% of total investment volumes so far this year, at £4.6bn, while other major regional centres including Manchester and Birmingham are also maintaining strong levels of activity.

Offices and industrial have led activity so far in 2026, accounting for 24% and 22% of volumes respectively, as investors prioritise core assets with strong fundamentals. Hotels have also been standout performers, with investment reaching £1.6bn, significantly ahead of levels in the same period last year.

Cross-border capital has represented 42% of all investment activity.

Oliver Kolodseike, head of research and strategic insights at Colliers, said: “The UK investment market continues to demonstrate resilience, with capital remaining active and investors taking a more selective approach in the current environment.

“We are seeing strong demand for selected sectors and assets, particularly hotels, core offices and well-let industrial, while London continues to attract a significant share of both domestic and international capital.

“As the year progresses and there is greater clarity around the macroeconomic outlook, we expect confidence to build further, supporting a gradual increase in transactional activity.”

According to Colliers, investment activity is likely to remain steady through the year, with improving visibility on interest rates and pricing supporting a continued recovery.