Commercial market insights

Transitioning to a new groove


Total Property - Issue 5 2022

Sellers and buyers are facing off over value perceptions in the changed commercial and industrial marketplace.


Back to the future


Total Property - Issue 5 2022

We’ve been here before, and investors and tenants are taking supply chain delays and inflationary pressures in their stride as major developments kick off.


Capital crunch


Total Property - Issue 5 2022

Unsurprisingly, caution has been a key feature of the commercial market in the first half of the year when it comes to investing capital, but that could all be about to change.


The piste de résistance


Total Property - Issue 5 2022

Global research shows property in ski resort towns has soared in popularity and value in the pandemic’s wake – so how has New Zealand’s alpine market fared?


Cycles are a property reality


Total Property - Issue 4 2022

The rising cost of debt and inflationary pressure are starting to impact segments of the commercial property market, but it’s all part of the territory.


Fix, inflate or reset to market


Total Property - Issue 4 2022

Faced with surging inflation, commercial property owners are taking a hard look at how to recoup costs through rent structures.


Southbound


Total Property - Issue 4 2022

Jump the strait to the mainland, and there’s strategic opportunity for astute investors looking to widen their acquisition net.


Bay with plenty of action


Total Property - Issue 4 2022

Tauranga is New Zealand’s fifth-largest and fastest-growing city – so what is the big picture for this Bay of Plenty hotspot?


View through an inflationary lens


Total Property - Issue 3 2022

With annual inflation knocking on seven-percent’s door, these are interesting times for New Zealand.


Suite move


Total Property - Issue 3 2022

Fully-fitted office suites in the main centres are resonating with businesses looking for efficiencies, strong corporate image and added benefits.


Please disturb sign out in hotel sector


Total Property - Issue 3 2022

As borders reopen and international travellers again set their sights on New Zealand, the hotel sector is geared up for hospitality – and investment opportunity.


Wealth and investing in New Zealand


Total Property - Issue 3 2022

Knight Frank’s 2022 issue of The Wealth Report marks a volatile point in global economic history. How does New Zealand stack up against the global trends?


Riding out the storm


Total Property - Issue 2 2022

The market will need to brace itself for turbulence as a mixed bag of global and domestic forces start to rock the economic boat.


Inflation on the rise


Total Property - Issue 2 2022

Property investors are facing headwinds as inflation takes off and the Reserve Bank hikes interest rates – but there are some bright spots on the horizon.


Tenant well-being to the fore


Total Property - Issue 2 2022

A new wave of environmental, social and governance (ESG) features is sweeping the property world with New Zealand owners and investors proving quick to adopt them.


Industrial land goes through the roof


Total Property - Issue 2 2022

Prices for industrial land in the Auckland region are booming due to a combination of compelling factors.


It is what it is


Total Property - Issue 1 2022

As we enter year three of a globally disrupted marketplace, there are headwinds and undercurrents to navigate in the economy.


The future is green


Total Property - Issue 1 2022

The next big wave of green buildings is under way, led by the Crown’s Carbon Neutral Government Programme (CNGP) and commitment to 100-percent renewable energy by 2035. The goal is to halve Aotearoa’s greenhouse gas emissions by 2030.


Capital gains


Total Property - Issue 1 2022

Infrastructure is at the heart of Wellington's bold visions for its future.


Lease or own?


Total Property - Issue 1 2022

Despite early, panicked COVID predictions businesses are not abandoning commercial property - but they are taking a closer look at what they need and where they put their capital.


Market disruptors


Total Property - Issue 8 2021

The pandemic’s long tail continues to impact business and market dynamics – but bricks and mortar property has been almost bullet-proof.


Three-sided powerhouse


Total Property - Issue 8 2021

The Golden Triangle continues to house the lion’s share of New Zealand’s economic productivity and it remains on a growth trajectory.


The new lure of Hawke’s Bay


Total Property - Issue 8 2021

Hawke’s Bay is having a moment in the sun as new ways of working and lockdown fatigue are drawing people and their business to the region in search of that elusive work-life balance.


Back to the future


Total Property - Issue 8 2021

The resurgence of COVID-19 is changing the landscape, but Bayleys’ experts say there is plenty of cause for optimism.


Confidence abounds


Total Property - Issue 7 2021

Far from putting a dampener on property dealings, lockdowns have spurred high activity in the commercial and industrial market.


Flex and share


Total Property - Issue 7 2021

A more distributed workforce and the rise of hybrid working models have seen a surge in demand for coworking and flexible office space.


New Zealand property in its own bubble


Total Property - Issue 6 2021

New Zealand commercial and industrial property bats above its weight as an investment asset class nationally, and against its global peers.


Big sheds turn heads


Total Property - Issue 6 2021

Industrial property’s star continues to rise as eCommerce dynamics intensify, our primary products remain in demand globally, and new segments of the market flourish.


Eyes West


Total Property - Issue 6 2021

West Auckland’s investment and development credentials have skyrocketed on the back of zoning and infrastructural changes, and commercial and industrial property is thriving.


Piece by piece


Total Property - Issue 6 2021

Offsite manufacturing is waiting in the wings of New Zealand’s construction sector, ready to help tackle the key issues facing both the sector and the country. What will it take to push modular methods into the mainstream?


Rising above the bottlenecks


Total Property - Issue 5 2021

With the commercial and industrial property market still performing well, there are some gridlocks both in and around the sector that are stalling further growth meaning workarounds are needed.


Construction gridlock


Total Property - Issue 5 2021

A complex web of post-COVID challenges to the supply chain and labour pool has left our construction sector with an unprecedented and multifaceted logjam to navigate.


The Auckland halo effect


Total Property - Issue 5 2021

As supply-demand pressures on Auckland’s commercial and industrial property nudges buyers and occupiers further outwards, emerging hotspots are experiencing a tangible halo effect.


Going (anti)-viral


Total Property - Issue 5 2021

There have been tangible changes to the way we approach the built environment post-COVID-19 with fresh air, space and hygiene high on the agenda.


Property wheels keep on turning


Total Property - Issue 4 2021

Solid returns in a buoyant market, legislation to enhance tax efficiencies and a capital injection for infrastructure.


Big box of surprises


Total Property - Issue 4 2021

New Zealanders have emerged from 2020’s lockdowns to embrace big box retail both in-store and online creating an unexpected silver lining to the post-pandemic economy.


Top of the South


Total Property - Issue 4 2021

The Nelson-Tasman region is a quiet achiever on the commercial property front, underpinned by a strong primary sector and a flourishing knowledge and innovation economy.


Cold storage is hot property


Total Property - Issue 4 2021

Identified as one of the leading growth sectors in the industrial property market, there are huge challenges for the cold storage sector in New Zealand and globally.


Mega trends driving spends


Total Property - Issue 3 2021

The global and domestic drivers fuelling the buoyant commercial property market in New Zealand.


A plan for growth


Total Property - Issue 3 2021

House builders are busier than ever keeping up with buyer demand amid hopes that Government changes to the Resource Management Act (RMA) and new infrastructure funding will speed up the building process.


All eyes on commercial


Total Property - Issue 3 2021

Commercial property investment is rising in popularity following new tax rules on residential property investment.


ESG is here to stay


Total Property - Issue 3 2021

Pressure is mounting for the commercial property sector to wholeheartedly get onboard the sustainability and accountability train.


The numbers tell the story


Total Property - Issue 2 2021

Anecdotally, and transactionally, the commercial and industrial property market is striding ahead around the country, but what lies behind the figures?


Capital assets


Total Property - Issue 2 2021

While there’s no glossing over the fact that the city has challenges ahead – largely infrastructural – the time-worn “absolutely positively Wellington” refrain is still loud and strong in the commercial property sector.


Casting an eye over shadow space


Total Property - Issue 2 2021

The spotlight is on space no longer required by an occupier on an existing lease and, as it comes back into the market, it’s creating opportunity.


Long live the office


Total Property - Issue 2 2021

Working from home may continue in limited ways, but office workers and business owners are also keen to return to the physical office because of its importance to business culture, and the productivity and social benefits it offers.


Let’s look for silver linings


Total Property - Issue 1 2021

Structural change is evident in the commercial and industrial market as supply-demand fundamentals and a wave of cash looking for bricks and mortar assets, continue to drive activity and values.


The cost of debt


Total Property - Issue 1 2021

Commercial property investors weigh the cost of borrowing in 2021, as regulatory pressure constrains banks’ ability to lend on commercial property and more non-bank lenders are tipped to enter the market.


The city where anything is possible


Total Property - Issue 1 2021

Embodying grit, a pioneering spirit and a healthy dose of innovation, is Christchurch New Zealand’s city of the future?


Get your business lending ducks in a row


Total Property - Issue 1 2021

Current market conditions are ripe with opportunity for the business sector, so how can businesses navigate the lending environment to facilitate growth? Total Property talks to industry experts to provide context.


A landmark year


Total Property - Issue 7 2020

While the year has dished out highs, lows and everything in between – the pursuit of viable return on investment is driving activity in the commercial and industrial property market.


Looking forward, looking back


Total Property - Issue 7 2020

There have been COVID-19 highs and lows but Bayleys’ experts are optimistic next year will be a good one.


Beyond the crowds


Total Property - Issue 7 2020

The redevelopment of four great old rugby grounds over the past two decades mirrors the epic journey of commercial property chronicled by 100 issues of Total Property.


Hotels play the long game


Total Property - Issue 7 2020

With New Zealand’s usually porous borders closed to international tourists for now, the hotel sector is facing unparalleled disruption – but the domestic market is stepping up.


Structural shifts


Total Property - Issue 6 2020

We’re seeing organic changes at a structural level in the commercial and industrial market.


Waterfront fit for a Cup


Total Property - Issue 6 2020

Auckland’s harbourside has transformed into an international commercial, residential and recreational hub since the historic America’s Cup win in 1995.


Retail will never die


Total Property - Issue 6 2020

More and more people are working from home since COVID-19 entered our lives leading to big changes in the way we shop, but retail the sector is nothing if not resilient.


The new appeal of suburban offices


Total Property - Issue 6 2020

How New Zealand’s suburban office market stands to change thanks to pandemic-driven fundamentals.


Some clarity returns


Total Property - Issue 5 2020

As we analyse transactional data for deals completed post-lockdown and look at anecdotal feedback, some clarity around market dynamics is emerging.


Giving voice to diversity


Total Property - Issue 5 2020

Bayleys is committed to promoting diversity and inclusion as a basis for increasing women’s participation - and career success - in the commercial property sector.


Many healthy returns


Total Property - Issue 5 2020

Healthcare assets show resilience in a changing investment environment.


Property on the election agenda


Total Property - Issue 5 2020

Commercial property investors face unprecedented times as elections set the scene in a post-COVID world.


Reset with optimism


Total Property - Issue 4 2020

With six months of the year behind us, and some obstacles still expected ahead, there are signs of optimism in the commercial and industrial real estate space.


River long, opportunity wide


Total Property - Issue 4 2020

Far from being just the centre of the dairy industry for New Zealand, the Waikato has a strong, diversified economy and its main city, Hamilton, is seeing the cream rise to the top.


Sale and leaseback offers flexibility


Total Property - Issue 4 2020

Free up capital and remain on-site with a transaction that makes sound business sense.


Turn and face the strange


Total Property - Issue 3 2020

Bayleys’ national director commercial Ryan Johnson explores the COVID-19 effect and what it means for the commercial and industrial real estate market sector-wide.


Tunnel vision


Total Property - Issue 2 2020

Auckland’s City Rail Link will deliver a step-change in CBD-based employers’ access to workers, igniting new demand for office space and spawning large-scale mixed-use developments around stations.


What’s in a name


Total Property - Issue 2 2020

The value of building naming rights is rising amid a flurry of high-profile deals. For the right property, they can add a valuable revenue stream and boost capital values.


Ticking the boxes


Total Property - Issue 2 2020

A finance veteran who has viewed hundreds of funding applications for commercial property reveals what lenders are looking for and how you can maximise your chances of securing a loan.


Born again


Total Property - Issue 1 2020

Surplus to the needs of declining congregations, former churches and other religious buildings are a growing source of character stock to the commercial property market where developers are converting them for a myriad of uses.


The race for space


Total Property - Issue 1 2020

With economic forecasts mostly positive and business confidence lifting over recent months, demand for office space looks to be well underpinned for the next 12 to 24 months. Bayleys Research offers its outlook for the Auckland, Wellington and Christchurch office markets.


Investment’s golden child


Total Property - Issue 1 2020

As term-deposit rates languish at record lows and profits on residential rental properties tighten amid mounting regulation, smaller so-called “mum-and-dad” investors are hunting for returns. Commercial real estate is looking increasingly attractive to many.