A commercial property for lease in Auckland in 2020. File photo Photo: RNZ / Dan Cook Commercial real estate company Colliers said industrial property, large format standalone retail, prime regional shopping centres and flagship office buildings continued to be in high demand. The strong demand was already reflected in the value of some of New Zealand's largest property companies. The Goodman Property Trust has just reported a second half gain of about $415 million or 12.5 percent in the value of its portfolio, on top of the $140m gain in the first half. Goodman chief executive John Dakin said: "We continue to see strong demand for space, tight supply conditions, low vacancy and solid underlying rental growth across our portfolio. This, combined with relatively low interest rates, has fuelled investor demand, particularly for high-quality logistics and warehouse property."