The range for rental rates achieved across modern and older accommodation has broadened. The market has shown some improvement, particularly across prime office stock, with reasonable demand for smaller floor areas below 200m². View the infographic here.
Rental rates for industrial properties within New Plymouth have continued to increase, particularly for modern or purpose-built accommodation. Strong investor demand remains from both local and national investors, which is driving yields down. 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 investors are now cautious of earthquake-prone buildings. View the infographic here.