Business Growth Drives down Wellington Vacancy

Wellington’s powerfully performing economy, driven by expenditure on major infrastructure projects, booming Information and Communication Technology and film sectors along with strong results from the manufacturing sector, has been reflected in a fall in vacancy rates across the region’s prime industrial precincts.

Shoppers still head for the stores

Despite the growth of multi-channel retailing, the demand for and development of retail premises continues unabated. However, challenges and changes lie ahead.

The Space Race

The addition of new quality office space across NZ has been widely publicised – just take Auckland for example with over 100,000sqm expected to be delivered by 2019. Whether it is Britomart, Commercial Bay, Victoria St or Wynard Quarter – the location is becoming less relevant. So what are the drivers that attracting some of the biggest & fastest growing companies to new buildings?

The evolution of coworking - Auckland

An evolution in workspace usage is quietly taking shape. Coworking, a new sub sector of the real estate market, is experiencing significant global growth as changing occupier preferences create new opportunities for commercial property owners.