Commercial Property stories
Property tech firm Re-Leased has raised $2.3 million from New Zealand and UK investors in its first external capital round.
City-centre footfall is rebounding, with new mobility data hinting at a steadier office market and a faster retail and tourism recovery.
Managed isolation and domestic travel have helped New Zealand hotels recover faster than expected, with occupancy rising sharply in key regions.
Home working may reshape offices, but firms will still need face-to-face contact to build trust, culture and productivity.
Landlords and retailers say the dispute process risks dragging out rent talks, despite most tenants and owners already reaching deals.
New Zealand commercial rents and capital values are expected to keep falling as occupiers and investors stay cautious amid coronavirus uncertainty.
Easing loan-to-value rules is only part of the fix, with commercial landlords warning wider support is needed to prevent a deeper downturn.
Hundreds of millions in rent and project revenue are at risk as New Zealand's commercial property sector warns of wider economic damage.
Transport spending could lift office, industrial and retail demand, but it may also squeeze supply and push up development costs.
The freehold site could stay a motel, be subdivided or make way for housing as Taupo's property market keeps growing.
The revamped Auckland centre now draws shoppers with rooftop dining, 230 stores and New Zealand's first David Jones, after a decade-long rebuild.
Lower deposit rates are pushing investors into office and industrial assets, lifting prices for scarce quality commercial buildings across New Zealand.
The survey found 53% of respondents believe technical skills have the highest impact on the effectiveness of an organisation or department.
New Zealand operators can now tap a fast-growing office market as two thirds of large corporates plan flexible space use.
Record-low vacancies are pushing up Wellington office and industrial rents, even as investors weigh the risk of a proposed capital gains tax.
New Zealand property investors remain upbeat despite a proposed capital gains tax, with Colliers finding prices and confidence still broadly positive.
Tenants in Auckland and Wellington face tighter leasing conditions, with record-low vacancies likely to push rents higher over the coming years.
Automation is becoming a priority for commercial real estate firms, even as many still rely on spreadsheets and play catch-up on digital tools.
Demand for new fringe and suburban offices has trimmed Auckland's vacancy rate to 6.0 per cent, with rents still climbing.
Only 40% of Titanium Park’s Western Precinct remains available after nine sites were sold or contracted, as demand from firms keeps rising.