Archive for March, 2011

Prime Rents & Yields Summary December 2010

Hastings & Napier Prime Rents & Yields Summary is now available. This 6-monthly “where it is at now” analysis provides a summary of the local commercial market across the retail, office and industrial sectors; the data is also related to other investment vehicles, and property markets in both New Zealand and worldwide. A condensed summary shows an unchanged yield position over the 6 months to December 2010 with the office sector worst, rental growth has declined slightly with the office sector again the worst. A generalised summary could be “steady as she goes”.

The full report is available on our website http://www.morice.co.nz

March 2, 2011 at 10:30 am

Hastings and Napier commercial property market update

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.

March 2, 2011 at 7:37 am


Calendar

March 2011
M T W T F S S
« Feb   Apr »
 123456
78910111213
14151617181920
21222324252627
28293031  

Posts by Month

Posts by Category