Given New Zealand’s summer calendar dominating the first part of the year, as usual, the first quarter of 2019 has been a story of two halves
The push to ensure a high NBS rating has seen demand outstrip supply for office real estate in the capital – so what’s in the pipeline?
Christchurch is rich for retailers seeking to enter the market as supply continues to trickle into the market in line with a rising vacancy rate.
As there are virtually zero opportunities for new retailers to enter the CBD without compromising on outskirt areas, why are rents continuing to decline?
This year has seen a significant drop in the development pipeline as most of the stock affected by the 2011 earthquakes has now been rebuilt.
Consumers are changing the way they shop and this has had a profound impact on brick and mortar retailers, particularly in Wellington.
While office demand remained elevated over the quarter, there are a few large projects on the horizon which are likely to have a significant impact on the market.
The Retirement Village sector is now very well established and beginning to enter what we see as a new and more mature phase.
JLL's Vertical Vacancy Review visually investigates the performance of the prime office markets in Auckland, Wellington and Christchurch. Download the review for Q3 2018 here.