UK commercial property 'in state of flux'

Office design news from Morgan Lovell

Published on 20-09-2010

The UK commercial property sector is presently in a "state of flux" as satisfaction in the market remains low, one industry professional has claimed.

Timothy Lambert, head of consulting at private wealth management firm Ducalian, said commercial property owners should be careful not to pass on any negatives of the present market to their clients, as these companies are the lifeblood of the industry and are needed to create a future stable economy.

He commented: "Investors want a return to reasonable yields, yet tenants still wish to make the most of a downtrodden economy and take advantage of lower rates and higher service levels."

Mr Lambert made his comments following the publication of the Occupier Satisfaction Survey, which showed just 4.9 out of every ten respondents were happy with the present state of the market.

According to the latest Savills Commercial Development Activity Index, July witnessed a 0.6 per cent growth in activity in comparison to the previous month's figures.

Posted by Ian Johnson