The Napier commercial office market remains steady with good demand for A grade space. Secondary space is still in oversupply. There is high demand for good quality premises with strong leases in place. View the infographic here.
There is strong demand from owner-occupiers purchasing vacant properties. Well tenanted, good quality properties are selling well, with overall vacancy levels remaining at record lows. There is limited vacant industrial land available, which has resulted in strong land sales. View the infographic here.
Vacancy levels remain low within the prime retail strips in Napier CBD, and good demand exists from both tenants and investors. Large format retail space leased to national tenants is attracting strong demand from out-of-town investors. View the infographic here.