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Commercial Property Stories - Page 3

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Commercial Property stories

Commercial property market snapshot Q4 2022
Sustainability

Commercial property market snapshot Q4 2022

Vacancy and rents are diverging sharply as investors favour prime offices, while retail footfall and industrial demand remain uneven across New Zealand.

By Michael Curreen • 5 min read • Sun, 11th Dec 2022
Flexible office development progressing at Sylvia Park
Sustainability

Flexible office development progressing at Sylvia Park

Demand for flexible space outside Auckland's central city is driving pre-leasing at Kiwi Property's $63 million Sylvia Park development.

By Michael Curreen • 2 min read • Sun, 27th Nov 2022
Six floors of office space released in Wellington
Digital Transformation

Six floors of office space released in Wellington

Tenants including EY and Fujitsu are moving into a seismically resilient six-storey building, lifting Wellington’s office supply by 10,049sqm.

By Michael Curreen • 3 min read • Sun, 9th Oct 2022
A snapshot of industrial, retail and office markets
Supply Chain

A snapshot of industrial, retail and office markets

Industrial rents are being pushed higher by record-low vacancy, as office and retail markets in Auckland, Wellington and Christchurch tighten.

By Michael Curreen • 4 min read • Sun, 14th Aug 2022
Fix, inflate or reset?
Bank of New Zealand

Fix, inflate or reset?

Higher inflation and 30-year-high interest rates are forcing landlords and tenants to renegotiate rent formulas as costs and vacancies diverge.

By Michael Curreen • 6 min read • Mon, 1st Aug 2022
Should office development activity still forge ahead?
Hybrid & Remote Work

Should office development activity still forge ahead?

Prime office shortages are squeezing Auckland, Wellington and Christchurch, even as higher costs and hybrid work test new projects.

By Staff Writer • 6 min read • Mon, 11th Jul 2022
Covid-19 peaks but its influence will linger
Supply Chain

Covid-19 peaks but its influence will linger

Vacancy rates are easing, but the shift to prime offices and hybrid work will keep reshaping property demand well beyond 2022.

By Michael Curreen • 4 min read • Sun, 3rd Apr 2022
Comparing markets with Australia – what can we learn?
Supply Chain

Comparing markets with Australia – what can we learn?

New Zealand’s office, retail and industrial markets are expected to mirror Australia as Omicron peaks and border openings reshape demand.

By Michael Curreen • 5 min read • Mon, 14th Mar 2022
Work-from-home tipped to keep office sector down
Digital Transformation

Work-from-home tipped to keep office sector down

Office vacancies are set to rise as firms and staff keep embracing remote work, squeezing rents and delaying landlords’ recovery.

By Michael Curreen • 3 min read • Sun, 20th Feb 2022
Landlords to be forced to provide rent relief
Hybrid & Remote Work

Landlords to be forced to provide rent relief

Property groups warn the proposal could let well-funded firms seek cuts, leaving the most vulnerable tenants with less support.

By Michael Curreen • 6 min read • Sun, 3rd Oct 2021
Deals delayed but not disappearing following Covid resurgence
Deloitte

Deals delayed but not disappearing following Covid resurgence

Property deals are being slowed by fresh restrictions, but Colliers expects demand to recover quickly once alert levels ease.

By Michael Curreen • 4 min read • Sun, 5th Sep 2021
Commercial property market outperforming expectations
Hybrid & Remote Work

Commercial property market outperforming expectations

Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.

By Michael Curreen • 5 min read • Thu, 8th Jul 2021
Changing trends influencing award-winning retail projects
eCommerce

Changing trends influencing award-winning retail projects

Rising online shopping is pushing developers to build destination precincts with stronger sustainability, social and financial returns.

By Michael Curreen • 2 min read • Sun, 6th Jun 2021
A year after lockdown – how have our cities fared?
Hybrid & Remote Work

A year after lockdown – how have our cities fared?

Vacancy has risen across Auckland and Wellington, while retailers and landlords wait to see whether city centres can recover from lockdown losses.

By Michael Curreen • 8 min read • Wed, 31st Mar 2021
Commercial property after a year of COVID
eCommerce

Commercial property after a year of COVID

Vacancy rose across Auckland and Wellington offices, shops and warehouses in 2020, but low rates and investor demand kept yields firm.

By Michael Curreen • 10 min read • Mon, 29th Mar 2021
21 predictions for 2021
Supply Chain

21 predictions for 2021

Low rates, fiscal stimulus and reopening borders should support New Zealand property values in 2021, though office and retail risks remain.

By Michael Curreen • 7 min read • Thu, 14th Jan 2021
Does Auckland CBD have a future?
Hybrid & Remote Work

Does Auckland CBD have a future?

Auckland’s central city is set to benefit from the $5b City Rail Link, with property values, investment and demand for quality offices holding up.

By Michael Curreen • 4 min read • Sun, 11th Oct 2020
The shift away from CBDs – an Auckland case study
Hybrid & Remote Work

The shift away from CBDs – an Auckland case study

Takapuna could gain from a post-lockdown office shuffle as workers seek cheaper space and more home working weighs on Auckland's CBD.

By Michael Curreen • 3 min read • Tue, 8th Sep 2020