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Wellington Retail market snapshot Q3 2020
Wellington Office market snapshot Q3 2020
JLL reports third-quarter 2020 results
Universities are reconsidering their campus experience to address a revenue gap left by dwindling enrolments
While some smart cities projects hitting hurdles, China’s are racing to the front of the pack
Better building standards are among efforts to help the built environment withstand the changing climate
During the economic downturn, companies are looking closely at cost savings from doing good
Global leaders gather to discuss overcoming the challenges
Traditionally given over to ventilation shafts or solar panels, today’s rooftops are increasingly becoming green spaces as part of a drive towards cleaner cities
Asia’s cities are leading the charge on employing super-fast internet speeds
Artificial intelligence may be in its infancy in the foodservice industry but it’s got huge potential
Investors and supermarket chains are becoming increasingly involved in the niche sector
City hotels are looking to locals during the lull in travelling further from home
Investment in health and safety tech helps industry prepare for the “silver tsunami”
Wellingtonians are voting with their feet with a noticeable return to the heart of the city.
Currently, data centers in Asia Pacific are witnessing a surge in demand from both corporate users and investors. Find out more!
Green buildings arepart of the solution to battle climate change. A building is classified as green if it meets certain environmental criteria
Download our fourth report from the CRL series to learn about Newton’s imminent transformation and property opportunities.
Read JLL’s special edition of the Vertical Vacancy Review to learn how Covid-19 has affected office occupancy in Auckland, Wellington, and Christchurch.
Download our third report from the CRL series to learn about the imminent impact of the Aotea station on residential and commercial property in the precinct.
The CRL will have a significant impact on Auckland and its economy. This report delves into Auckland’s current issues and how the CRL can reimagine its future.
Overall North Shore industrial property vacancy increased 140 bps to 3.4% over 1H20, however limited supply is expected to keep vacancy levels low.
Overall vacancy in the Auckland City industrial areas slightly rose with supply continuing to slowly increase, while rents remained stable.
Across the Auckland city fringe average net face rents have fallen across the board in 2Q20, with rents in the CBD Fringe undergoing the largest decline.
With the prevalence of Government tenants as a key demand driver for office space in the capital, prime demand is likely to remain high.
Auckland CBD retail vacancy has held up comparatively well during 1H20, but we expect to see vacancy tick up more noticeably throughout the rest of this year.
Since 2H19, the total Christchurch retail vacancy has fallen only 0.9%, however with recent market shocks, rents decreased and incentives rose during 2Q20.
Although vacancy rates in the Wellington retail property market have held up thus far, we expect it to change after government support schemes end.
There are noticeably fewer tenants seeking industrial space in South Auckland than in previous quarters but demand still remains.
