New portfolio mirrors gung-ho market

5:00 AM Saturday June 17, 2017 Colin Taylor

Auckland’s Southern Corridor is an area of ‘hot demand’. Photo / Bruce Clarke

An incredibly buoyant commercial property market is reflected in the breadth and quality of listings within the latest Colliers Portfolio publication, says Peter Herdson, national sales director for Colliers International.

The agency’s fourth national portfolio of the year features 38 commercial and development properties for sale across the country, from Warkworth to Invercargill.

Four are for sale by auction, five by negotiation, six by tender and 23 by deadline private treaty.

“Opportunities range from a new retail investment in Auckland’s Riverhead to a large development landholding in the growing Porirua suburb of Whitby,” Herdson says.

“In-demand office properties featured, include a prime corner office in Auckland’s Greenlane, with a long-term lease to a multinational tenant.

“And there are plenty more opportunities for investors, developers and owner occupiers within the portfolio.”

Herdson says the latest research by Colliers International, released on Tuesday, shows Southern Corridor properties like the Greenlane property are in hot demand.

“Metropolitan office vacancy rates are at 6.3 per cent – significantly below the 10-year average of 8.2 per cent,” he says.

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Peter Herdson, Colliers International