Author Geoff

This year will be one of opportunities and some challenges for commercial and industrial property investors, says Bayleys’ National Director Commercial and Industrial John Church Many of the factors that made last year one of the busiest ever for the commercial and industrial property market remain intact: an already strongly performing economy is forecast to get even stronger this year, which should continue to result in high levels of business, investor and consumer confidence which helps fuel leasing and sales activity interest rates, although likely to edge up a little this year, will still be at very low levels while yields have followed interest rates down, the return on equity from commercial property investment remains attractive compared to returns from bank deposits and bonds property provides a more stable investment choice than more volatile equity markets low vacancy rates across most market segments have removed much of the tenancy risk associated with purchasing commercial property these high occupancy rates are also providing rental income growth for investors, which will continue this year as the development sector is still some way off fully catching up with demand for new premises. Continue →

The first post-quake survey of Wellington office vacancies has found the most acute shortage of space in almost a decade The survey by Colliers International’s Research and Consultancy team has revealed only 7.8 per cent of office space in Wellington’s CBD was vacant last month, down from 10.5 per cent shortly before last year’s quake, and 11.9 per cent in June 2016. Continue →