The Tauranga office market has continued its trend of steady rental growth. There are exciting new landmark office buildings planned in the CBD which will enhance this location. View the infographic here.
Industrial property in Tauranga is very tightly held. There have been relatively few sales with strong demand for those properties marketed. Each successive sale is setting a record low yield. There is near zero vacancy in most locations and rents continue to trend upwards. View the infographic here.
Whilst the CBD retail market is struggling with high vacancy, moderately rising rentals are being seen outside the CBD. Two new large office buildings proposed in the CBD, and the completion of the Farmers development this year will add both residents and workers to the CBD. View the infographic here.