Prospective purchasers and vendors have continued to move closer in their price expectations during the past six months, Colliers New Zealand Chief Executive Gareth Fraser says Following the slowdown experienced in 2022 and 2023 the signs are pointing towards increased sales volumes in the coming months. Continue →

Developer Precinct Properties has officially opened One Queen – the Deloitte Centre, at Auckland CBD’s Commercial Bay Anne Urlwin, Precinct Chair, officiated the opening at a ribbon cutting ceremony following a dawn blessing with Ngāti Whātua Ōrākei. Continue →

JLL explores how the office, industrial and retail property markets have been tracking over the last quarter and what we can expect going forward Industrial The strength of the industrial markets across Auckland, Wellington, and Christchurch continues through the third quarter of 2023. Continue →

JLL explores what is happening across New Zealand’s biggest cities in the office, retail and industrial and logistics markets Office The gulf between prime and secondary office space for lease continues to widen as tenants and employers seek properties that are better equipped to attract and retain the best talent in the market. Continue →

The Farmers building, a prominent fixture of Queen Street in the heart of central Auckland, is being presented to the market for sale by Colliers Unit A, 210 Queen Street, Auckland is a five-level retail premises that has approximately 3,700sq m of floor area, of which 78 per cent is occupied by anchor tenant Farmers. Continue →

JLL provides insights into how the retail, office and industrial and logistics markets have performed in Q1 2023 in the country’s biggest cities Retail Snapshot Following the shift to more online platforms due to the pandemic, many small-scale retailers have moved away from expanding in physical retail spaces to grow their businesses. Continue →

In its Vertical Vacancy Review for Q1 2023, JLL explores the trends among occupiers and forecasts in rental growth and sustainability requirements in the CBD office markets across Auckland, Wellington, and Christchurch Throughout 2023, we are likely to see a further realignment of yield levels as investors adapt to the reset of funding costs, with an ongoing preference for prime assets over those with a high proportion of vacancy, higher risk occupiers, low seismic rating (especially in Wellington), or with larger capital investment requirements. Continue →

Kiwi Property says its financial results for the year ended 31 March 2023 (FY23) highlights the strength of its mixed-use property portfolio Kiwi Property has announced its financial results for the year ended 31 March 2023 (FY23), with robust rental growth and record sales. Continue →

The prominent property at the heart of Auckland’s CBD is being presented to the market by Colliers, who say it is an opportunity to acquire one of the city’s most recognisable buildings The nine-level Skyworld entertainment centre sits at 291-297 Queen Street, Auckland and provides approximately 16,000sq m of total net lettable area on a 3,486sq m freehold site that is zoned Business – City Centre Zone under the Auckland Unitary Plan. Continue →

Colliers’ latest vacancy survey results conducted across the major Australasian office and industrial markets show that trends are broadly aligned, though there are variations in performance across localities and sectors Strongly underpinned by government occupation and bolstered by demand for higher quality office space from the corporate sector, latest survey results show Wellington’s CBD to be the strongest performing of Australasia’s major office markets. Continue →

Investors looking to recalibrate their assets during the middle stages of the year could spark increased activity in the commercial property market, Colliers New Zealand CEO Mark Synnott believes Buyers who have been active during the Covid-19 era may look to review their portfolios as a volatile interest rate environment causes capital challenges. Continue →

JLL provides property insights into how the office, retail and industrial markets are faring within New Zealand’s biggest cities Office With workplaces shifting focus to building the office of the future to help attract and retain top talent, what markets are providing opportunities for investors? Continue →

Kiwi Property’s new six-level office and medical development in Auckland is moving forward at pace, with the exterior complete and two thirds of the building’s 7200sqm space committed or under negotiation The $63 million project is the second commercial development at Sylvia Park, following the launch of the award-winning ANZ Raranga. Continue →

The official opening of Bowen Campus Stage Two by Precinct Properties adds 10,049sqm of commercial property to the Wellington market 40 Bowen Street is the new home to EY, Fujitsu, Simpson Grierson and Dentons, with a Generator shared workspace offering on the Ground and First Floors, comprising a meeting suite and private offices accommodating around 300 desks. Continue →

JLL New Zealand explores how commercial property is performing in the country’s three largest cities and how those markets are poised for the remainder of the year Industrial Market The logistics and industrial property markets in Auckland, Wellington and Christchurch continue to be the most active. Continue →

Faced with surging inflation, commercial property owners are taking a hard look at how to recoup costs through rent structures, Bayleys reports With the country’s interest rates hitting a 30-year high, commercial landlords and tenants have been forced into something of a tussle over rent structures in a bid to balance rising costs. Continue →

New build office development activity is ramping up in Auckland, Wellington and Christchurch, but Colliers investigates whether now is the best time to proceed Development plans are being readied and cranes are popping up on the skylines of our major cities to build new premier office space. Continue →

With light at the end of the tunnel shining brighter now that the Omicron peak has passed in an increasing number of countries, the conversation is inevitably turning to how its influence on property markets will impact future performance, Colliers reports What is becoming clear from the data we are collecting is that while some long-term trends are back, occupiers, investors and developers will need to blend new trends into their strategies for 2022 and beyond. Continue →

As the number of Omicron cases rise, Colliers looks to Australian cities to see how New Zealand’s office, retail and industrial markets could track in the future Office Sector Over the past two decades, vacancy rates in Auckland’s CBD and metropolitan office markets have typically followed a similar path with Sydney (5.1mil sqm total inventory) and Melbourne (4.9mil sqm total inventory). Continue →

International firms across the Asia-Pacific region are indicating they are keen to reduce their office footprint, The Urban Developer reports Office demand and revenue will continue to fall as more employees embrace working from home arrangements this year. Continue →