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Firms in offices to rent in Cardiff could see service levels rise20th September 2010

Businesses, such as those in serviced offices in Cardiff, may see higher levels of service due to the recovering economy, it has been suggested.

Timothy Lambert, head of consulting at private wealth management firm Ducalian, said commercial property continues to be "in a state of flux".

As Britain's economy gradually improves, investors want to see "a return to reasonable yields", but tenants still wish to maximise opportunities for lower rents and higher service levels, he continued.

Mr Lambert questioned whether service will increase in line with rents, which he predicted will rise as the market begins to pick up.

Consequently, companies in offices to rent might soon be offered better facilities and care from their landlord.

Occupiers may also benefit from a rise in competition among commercial properties as a result of the recession, Mr Lambert added.

The recently-conducted Occupier Satisfaction Survey found tenants have become significantly happier with their rent review terms and lease negotiations over the last year.
 

 

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