Bayleys news & articles


MARKETBEAT - Hamilton Regional Report

Tags: Commercial Hamilton Research

A combination of major road improvements currently underway, continued population and business growth to the north and the long term development potential of Tainui’ s 600+ha Ruakura site (including the 80ha inland port and freight hub) to the east w


Not surprisingly these developments are forcing a major rethink by council of its long term vision for the CBD. What are emerging are plans for a more compact, rejuvenated CBD with a stronger connection to the river. Council believes that these proposed initiatives will both attract and retain more businesses and workers within the CBD as an increasing number of retail and commercial opportunities emerge outside the city core.

Office

Following a spike in large scale new office development in 2012/2013, levels of new construction have eased with the emphasis having moved to speculative refurbishment and redevelopment aimed at upgrading older existing office stock. This has been driven by increasing demand for smaller, higher quality accommodation. Read more...

Industrial

The Bayleys Research industrial vacancy survey for Hamilton shows that conditions remain tight across all the major traditional industrial areas. The overall Hamilton vacancy stands at a low 5.1% for March 2015 with Te Rapa to the North recording the lowest vacancy at 1.4% and Avalon the highest at 8.5%. Read more...

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Retail

The success of The Base shopping precinct in Te Awa in attracting both retailers and shoppers is continuing to put pressure on CBD retailing. Both primary and secondary shopping strips within the CBD are coming under significant pressure with high levels of vacancies and softer pedestrian traffic. Read more...

Reshaping the CBD

The council is working on delivering a written plan for Hamilton’s Central City (as defined by the proposed District Plan) that identifies the outcomes, opportunities and projects required to transform the central city into a strong commercial centre, with residential living. Read more...

Read the full MARKETBEAT report here.

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