Businesses seeking serviced offices might see prices reduce after independent financial advisers' (IFAs) predictions for the market were revealed.
According to new research conducted by Reita, the property investment authority, 24 per cent of surveyed IFAs believed in July commercial property prices will fall.
The figure is four times the number of IFAs who predicted a drop in January.
Furthermore, the proportion of advisers who forecast a rise in prices fell from 73 per cent at the beginning of the year to 49 per cent last month.
One-third of respondents said they felt confident giving advice on the risks and opportunities of the different commercial property sectors.
Patrick Sumner, chairman at Reita, commented: "We are in the early stages of a slow economic and commercial property market recovery, in the course of which there will be the odd lurch."
Firms looking to rent a serviced office might, therefore, find costs are lower at the moment.
