The Wellington CBD office market appears to be holding at pre-COVID-19 levels notwithstanding a number of occupiers now working from home. Seismic resilience remains important however there appears to be a locational shift towards the Government centre. The Hutt Valley and Porirua markets appear stable. View the infographic here.
The industrial market remains buoyant, both in terms of rental and investment. There is strong demand across the region for industrial accommodation for investment or owner-occupation. View the infographic here.
Following the COVID-19 outbreak in Wellington City, the retail market has been mixed with some sectors struggling whilst others appear to be trading well. Rental and investment transactions are limited and as such, a true picture is difficult to ascertain, with rentals and sales being very site specific. View the infographic here.