Regional Commercial and Industrial Reports
Tauranga is humming. Confidence is high as the local economy reaps the benefits from multiple growth drivers.
A combination of major road infrastructure improvements from Auckland coupled with Warkworth’s designation as a satellite centre in the Unitary Plan is expected to act as a strong catalyst for further population and business growth over the next 10-20 years.
Hamilton’s commercial property market continues to build on the momentum of the last few years. The primary driver of demand remains a booming population which shows little sign of slowing. This growing population base is feeding further retail spending, business growth and construction activity
The recent change of government and its focus on regional development could prove to be a significant catalyst for growth in Northland.
A rapidly growing population continues to underpin the local commercial property market.
Queenstown’s rapidly expanding tourism sector has driven the local economy, creating jobs which have supported, amongst, the fastest population growth in the Country.
Having seen downturns in commodity prices which have effected both the dairy and energy sectors over the last three years, sentiment surrounding the Taranaki economy is rebounding on the back of higher dairy prices and recent announcements of a lift in exploration activity.
The long held vision for Christchurch’s CBD is becoming reality. The completion of key developments, a significant increase in the CBD based workforce, increasingly diverse retail and hospitality offerings and progress on all but one of the City’s anchor projects has boosted confidence.