Hastings and Napier commercial property market update

March 2, 2011 at 7:37 am Leave a comment

Download the latest Morice research on the Hastings & Napier commercial property markets.

In summary

The message seems to be “steady as she goes” in relation to the Hawke’s Bay property market.

Investment property yields in both Hastings and Napier have generally remained at previous levels at 8.2% and 7.8% respectively.

There is good demand from investors for prime retail property. Industrial property is also in demand but office property is not in favour. Transaction volumes are still down compared to previous years.

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Entry filed under: Commercial/Industrial. Tags: .

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