The Nelson office market is experiencing modest rental growth with limited stock for lease. Modest increases are also being shown in quality office space with a continued oversupply of second tier space in the Blenheim market. Investment opportunities are limited. View the infographic here.
Industrial land values continue to rise, with limited vacant land available. Rentals are generally increasing and investor demand is currently unsatisfied. There is strong demand for owner-occupier purchases. View the infographic here.
Nelson retail rents have stabilised following a correction in prime retail rents. Vacancies in the Blenheim retail market have spurred tenancy relocations, generally at stable to firm rental levels. There is strong, unsatisfied investor demand. View the infographic here.