Commercial Property stories
Rising demand for cloud and AI services is pushing data centre risks into focus, prompting QBE to set up a dedicated insurance role.
Guidewire's new Mammoth release is set to enhance insurers' agility, streamlining processes and introducing predictive analytics for increased efficiency.
Canada's tech talent rise is helping drive AI office demand, with six cities now in North America's top 15 and Halifax near the top of emerging markets.
Private wealth is still chasing secure commercial assets as a steadier market and more aligned pricing set the stage for recovery.
Auckland’s shortage of development-ready sites is driving industrial land to USD $1,190 a square metre, lifting costs for businesses and investors.
Lower rates and a firmer economy are set to lift leasing, sales and rents across New Zealand commercial property in 2026.
As pressure mounts on New Zealand firms, flexible workspaces could slash office costs by more than half while preserving collaboration.
Rising tenant demand is exposing a shortage of green offices, with Auckland alone facing a 164,000 sqm shortfall, JLL says.
Lower interest rates are reviving property investor confidence, with national sentiment turning positive after the Reserve Bank’s OCR cuts.
Demand from luxury retailers is pushing prime CBD retail rents higher in Christchurch, where vacancies have fallen to a seven-year low.
Lower interest rates and firmer buyer-seller pricing are expected to lift commercial property sales after a weak 2022-23.
More than 1,500 workers and shoppers will flow into Commercial Bay each day as Deloitte moves into its new waterfront offices.
Demand for prime office, industrial and retail space kept rents rising in Auckland, Wellington and Christchurch in the third quarter.
Vacancies fell and rents rose in key centres as demand for quality office, retail and industrial space stayed firm across New Zealand.
The sale could draw strong investor interest, as the landmark Queen Street site brings in GBP £2.68 million a year and is fully leased.
Vacancies are tightening and rents rising in New Zealand’s top cities, with industrial property remaining the strongest segment this quarter.
Prime CBD office space is tightening in Auckland and Christchurch, while Wellington rents rise despite a temporary vacancy jump.
Record sales at Sylvia Park, LynnMall and The Base helped offset a fall in property values as Kiwi Property posted a full-year loss.
Vacancy and redevelopment plans have cut Skyworld’s annual income to GBP £2.3 million, but the site could be reshaped into a major mixed-use precinct.
Government demand and a flight to quality have left Wellington’s CBD with the lowest office vacancy among major Australasian markets at 5.4%.