United States and Chinese investors are swooping in on London office stock to take advantage of fast rising rents in areas such as Canary Wharf.

Investment from US and Chinese investors made up 53% of investment in offices in central London in 2015. £8.2bn was invested in office space in Central London in 2015 with investment from the US and China making up 4.5bn of that figure according to a survey by global real estate advisors, CBRE.

London remains the hub of business activity in the UK and with the economy posting positive growth, the appetite for office space in the city remains undimmed. One again the economic recovery is being driven by service sector industries with the tech sector in particular growing rapidly and accounting for much of the increase in demand for office space.

Stephen Pearson, Executive Director Central London Capital Markets, said: “The City of London remains a hugely attractive prospect for international buyers, with last year’s total office investment easily surpassing the record set in 2007.”

The increase in investment in the office real estate sector is likely to stimulate demand for office refurbishments as investors look to update offices and attract new business tenants.