Market Information and Analysis

TrueCommerical brings you the latest Market Information and Analysis from the commercial property market.

  • Auckland CBD office market moves in favour of landlords

    Auckland CBD office market moves in favour of landlords

    Auckland’s office market continues to shine as confidence remains high, says JLL’s latest Pulse market research report on the city’s CBD core and “frame” (surrounding) city areas. The report says robust economic fundamentals and strong trading conditions are filtering into the commercial property market with strong economic data and strengthening business confidence driving office leasing activity.

    Date Sep 2014

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  • Low CBD vacancy pushing occupiers further out

    Low CBD vacancy pushing occupiers further out

    Increased levels of activity and demand for quality in city fringe and suburban locations is putting upward pressure on both rents and yields, says JLL’s latest Pulse research report. “Occupiers have started to look further out of the Auckland CBD for accommodation as vacant space becomes insufficient for larger occupiers and rents rise,” the report says. “Several corporates have expressed interest for new office blocks within the city fringe precinct and stronger demand is expected in the future as office space becomes even more limited in the CBD market.”

    Date Sep 2014

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  • Wellington tenants hesitant about the future

    Wellington tenants hesitant about the future

    Occupier demand in the Wellington office market has resulted in vacancy levels falling but uncertainty surrounding seismic issues and government changes continue to hamper the market, says JLL Research in its latest Pulse report. “Despite this, there is investor interest in anticipation of market improvements,” the report says.

    Date Sep 2014

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  • More sales this year to more foreign buyers

    More sales this year to more foreign buyers

    In the first half of this year just over $2.5 billion worth of commercial property is expected to have transacted in New Zealand at an individual sale price above $2 million, says Chris Dibble, national research manager for Colliers International. “This far surpasses the first half of 2013 when there was an aggregate $1.5 billion of sales,” Dibble says.

    Date Sep 2014

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  • Upbeat report on busy Hawkes Bay commercial property market

    Upbeat report on busy Hawkes Bay commercial property market

    In Hawkes Bay good-quality property investments continue to be keenly-sought and prime property values are generally improved says a property market report compiled by Hawkes Bay based Turley & Co. “Hastings-Napier has seen significant city centres renewal 2011-14, which in the long-term very positive for Hawke’s Bay commercial property, plus major new industrial developments,” the report says.

    Date Sep 2014

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  • North Shore industrial vacancies at pre recession levels

    North Shore industrial vacancies at pre recession levels

    Strong leasing activity in the North Shore precinct has driven vacancy levels back to low levels last seen in 2006, says JLL’s latest Pulse report on the Industrial North. “This year has witnessed strong results for the industrial property sector with re-pricing for prime assets being driven by strong investor sentiment. Strong occupier demand has likewise driven vacancy to levels last seen before the recession,” the report states.

    Date Aug 2014

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  • Secondary property an option for tenants facing record prime shortage

    Secondary property an option for tenants facing record prime shortage

    Vacancy in secondary Auckland CBD office property remains elevated and presents a realistic choice for tenants that are willing to look further afield from premium rated properties says a market report by real estate consultancy JLL. “Prime vacancy has been reached its lowest point ever in the 26 year history of real estate consultancy JLL’s office vacancy survey,” the report states. Overall JLL says the Auckland CBD office vacancy is now at 7.9 per cent falling from 10.5 per cent a year earlier.

    Date Aug 2014

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  • Changing retail trends impact commercial property

    Changing retail trends impact commercial property

    Faced with the rise of internet shopping and huge city fringe shopping centres, independent neighbourhood retailers need to work harder than ever to secure consumer business, says John Church, newly appointed national commercial director of Bayleys Real Estate.

    Date Aug 2014

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  • Auckland CBD premium offices vacancies halved

    Auckland CBD premium offices vacancies halved

    The proportion of Auckland city’s premium or A Grade office space that is empty has more than halved during the first six months of this year.

    Date Aug 2014

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  • City fringe to host most new office development in next supply cycle

    City fringe to host most new office development in next supply cycle

    Ambitious property owners and developers, seeing increased occupier demand as the Auckland office market recover in line with the economic cycle, are looking to meet a growth in demand for office space with new supply both in the CBD as well as the city fringe, says JLL in a research White Paper.

    Date Aug 2014

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  • Retailers Offering Shoppers ‘An Experience’ Do Best

    Retailers Offering Shoppers ‘An Experience’ Do Best

    There are signs of improvement across the retail sector in the Auckland Region, says Bayleys Research in its latest Retail Report.

    Date Jul 2014

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  • New Zealand Property Index still showing good returns

    New Zealand Property Index still showing good returns

    The latest Property Council New Zealand/IPD New Zealand All Property Index showed a total return of 10.4 per cent for the year ending March 2014. This was comprised of 7.8 per cent income return and a positive 2.4 per cent capital growth.

    Date Jul 2014

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  • Confidence in Commercial Property Remains High

    Confidence in Commercial Property Remains High

    The results of the March 2014 quarter Commercial Property Investor Confidence Survey undertaken by Colliers International shows that overall confidence remained high in the first quarter of 2014 with a net positive 28 per cent - only slightly below the record high net positive 31 per cent reached in fourth quarter of last year.

    Date Jul 2014

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  • Sale of Office Buildings Still at Record Levels

    Sale of Office Buildings Still at Record Levels

    The total value of office properties sold for $2 million and over in New Zealand was $1.05 billion in 2013 report Colliers International Research.

    Date Jul 2014

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  • Investment Yields By Sector

    Investment Yields By Sector

    The chart below, entitled Investment Yields by Sector, which was created by Colliers International Research, shows that retail and industrial yields are matching the lows reached in 2006 and 2007.

    Date Jul 2014

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  • Industrial Properties Providing Consistent Returns

    Industrial Properties Providing Consistent Returns

    The results of the latest Investment Property Databank (IPD) index show that industrial property has continued to provide consistent returns over the last year, says Bayleys Research.

    Date Jul 2014

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  • Auckland Tops in Industrial Capital Returns

    Auckland Tops in Industrial Capital Returns

    Capital return in the industrial sector tends to be rather volatile, says Bayleys Research. Following the Global Financial Crisis (GFC), capital values fell for nine consecutive quarters from September 2008.

    Date Jul 2014

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  • Tenants Can Be Graded and Follow Offices

    Tenants Can Be Graded and Follow Offices

    A new retail report issued by Bayleys Research explains that tenants can be categorised by grades as well as retail premises themselves being graded - with the strength of the tenant covenant reflecting the tenant grading.

    Date Jul 2014

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  • Vacancies fall in leading industrial precincts

    Vacancies fall in leading industrial precincts

    A strong economic backdrop has seen business confidence surge over recent months and this in turn has impacted of the improved economic drivers on the industrial sector, reports Bayleys Research. The latest industrial vacancy survey by Bayleys Research shows vacancy within Auckland’s leading industrial precincts falling from 5.5 per cent to 3.8 per cent. The survey covers The Airport Corridor, Wiri, Penrose, Mount Wellington, Rosebank Road, East Tamaki and the Albany Basin.

    Date Jul 2014

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  • Colliers Predicts Lower Vacancies and Higher Rents

    Colliers Predicts Lower Vacancies and Higher Rents

    Colliers International Research is predicting a 5.4 per cent increases in prime city office rents during the next 12 months with vacancies continuing to drop due to lack of stock and increased demand.

    Date Jul 2014

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