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auckland.scoop.co.nz » Mixed Shopping Bag For Retail Sector


Press Release – Bayleys
After an unparalleled year in the retail sector with the trickle down effects of pandemic restrictions and supply chain disruptions biting, it’s a mixed bag in the retail property market around the Auckland region according to latest data.
Bethlehem Town Centre
Bayleys Research’s Auckland retail market update shows an uptick in vacancy across established retail precincts, bold new retail property offerings finding their feet, dwindling foot traffic in the CBD causing uncertainty and the growing success of the large format retail sector both as an asset class and preferred retail destination.
Chris Beasleigh, Bayleys national director retail sales and leasing, said it’s not a one-size-fits-all situation in the retail space as Auckland wrestles with the ramifications of COVID-19’s long tail against a backdrop of changing consumer habits and infrastructural challenges. ....

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A Year After Lockdown – How Have Our Cities Fared?


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
refurbishment or earthquake strengthening however, resulted ....

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