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Wellington Retail Overall vacancy over the second half of 2020 continued its upward trend from December 2019’s low, however, the rate of increase slowed from that evident in the first half of the year. Total vacancy reached 7.6% in December up from the 6.7% recorded in June. The latest figure equates to an additional 1,250 sq m of vacant space, taking the total to 11,000 sq m. The completion of Willis Bond’s redevelopment of the former Farmers Building at 100 Cuba Street was the only significant addition to the CBD’s inventory over the second half of 2020. Removal of stock for refurbish...

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Thursday, 1 April 2021, 5:09 pm 2020 saw increased vacancy rates in the office, industrial and retail markets with mixed yields in each sector, but Colliers research says it is not all about COVID. While the adverse economic impact of COVID-19 was a rightfully expected influence, other market dynamics pre-COVID (such as vacancy rates that were at historic lows and increasing development activity) also played their part. While the general trend has been upward, the rate of change has differed across market sectors and locations as illustrated by the results of the latest Auckland and Welling...

Article – Property and Build 2020 saw increased vacancy rates in the office, industrial and retail markets with mixed yields in each sector, but Colliers research says it is not all about COVID. While the adverse economic impact of COVID-19 was a rightfully expected influence, … 2020 saw increased vacancy rates in the office, industrial and retail markets with mixed yields in each sector, but Colliers research says it is not all about COVID. While the adverse economic impact of COVID-19 was a rightfully expected influence, other market dynamics pre-COVID (such as vacancy rates that were ...

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