The Rotorua commercial office leasing market is in two distinct tiers. Good quality prime new space is sought after and rental rates have established a new level. The secondary office leasing market is static, with limited demand only. Sales activity is limited due to a shortage of supply. View the infographic here.
The industrial market has been buoyant for an extended period in Rotorua. Vacancy levels remain at an all time low level and development land is scarce. Rental levels are increasing across the board and yields are continuing to firm. View the infographic here.
The Rotorua CBD retail leasing market has slowed in recent months, and vacancy rates appear to be slowly increasing. Rental rates are still very inconsistent. There is strong demand for well tenanted investment properties, however sales activity is limited due to properties being tightly held. View the infographic here.