UK commercial property tenants happier with their premises than last year
The number of tenants of UK commercial property satisfied with their premises is on the increase, according to a recent satisfaction survey.
The Occupier Satisfaction Survey 2011
has revealed an overall happiness score of 5.4 out of 10 among business owners – a much improved score on the previous year.
The survey revealed subtle differences between tenants who are large companies using vast office and retail space and small and medium-sized enterprises (SMEs). However, the variation in satisfaction between the sizes of commercial property tenants appears to be narrowing over time.
Other conclusions from the survey were that tenants were happiest with the leasing process of their chosen commercial property, scoring this area 6.2 out of 10 for satisfaction, compared with just 4.3 for the quality of landlords’ services.
The importance and interest in sustainability appears to be rubbing off on UK commercial property tenants with many occupiers revealing they are interested in being 'green', but that current success in terms of results remains relatively low.
The Department for Communities and Local Government has confirmed this week that it aims to provide more power to local authorities to drive regional economic growth. The potential development of new commercial property would certainly provide new options for SMEs and business start-ups.