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. Rental levels are increasing across the board and yields are continuing to firm. New developments occurring particularly on main roads. View the infographic here.
The Rotorua CBD retail leasing market has had some activity although vacancy levels remain the same. Rental rates are still inconsistent. Good demand and limited supply of well tenanted investment properties. There have been a number or recent sales for secondary properties. View the infographic here.