Office rental rates vary considerably depending on the location and quality of accommodation. The market has shown some improvement, particularly across prime office stock. Total occupancy costs have continued to rise due to escalation in outgoings, primarily rates and insurance. View the infographic here.
Industrial properties have been the best performing category of all the investments with strong demand from both local and national investors. We are now seeing higher yields for properties that do not attract out of town investors. Strong increases in industrial land values now appear to be flattening. View the infographic here.
Retail activity in New Plymouth continues to remain tight, proving challenging for some as a result of limited rental growth and growing vacancies in the CBD. Demand exists for quality buildings, although significantly higher yields are attributed to earthquake-prone buildings. View the infographic here.