Commercial mortgage customers looking to exploit market fluctuations?

20 September 2010

Written by Steve Olejnik

Commercial mortgage customers may be encouraged to seek better deals after one expert claimed the industry is currently in "a state of flux".

Head of consulting at private wealth management firm Ducalian Timothy Lambert said office block tenants are hoping to take advantage of the economy through lower rates and higher service levels.

"There is increased competition amongst commercial properties and many tenants are looking to exploit this," he explained.

However, according to Mr Lambert, one area of contention within the industry is service charges, as many providers are hiking prices but reducing the quality of amenities available to businesses.

In the current economic climate, firms may be saving a little bit more money on their premises but they will feel frustrated if they are not getting the same perks as previously.

Earlier this month, the Occupier Satisfaction Survey revealed overall contentment in office building tenants is 4.9 out of ten on average.

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