Market Information and Analysis

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

  • 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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