1 Sep 2019
The Wellington CBD office market remains strong on the back of shortened supply due to the impact of the Kaikoura earthquake. Good quality accommodation remains in very short supply. There are good levels of rental growth in the CBD. View the infographic here.
There is limited industrial accommodation in Wellington City and stronger demand in Lower Hutt and Porirua, as a result of the earthquake in 2018. There is strong demand in Petone for owner-occupation, with yields dropping. View the infographic here.
Retail on Wellington's Golden Mile remains strong, although with a little more vacancy now. Main CBD retail in Porirua and Lower Hutt remains weak outside of the area's main shopping malls. View the infographic here.