Prime Rents & Yields Summary June 2011

August 5, 2011 at 3:12 pm

the June 2011 Hastings & Napier Prime Rents & Yields Summary is now available for download.

Key findings

  • Market feedback shows ‘better things ahead’ with indications of more listings, more enquiry, and improved interest in the office market. But limited evidence of actual change yet.
  • Large format retail is price sensitive to rental given the extensive supply of space, especially in Hastings.
  • Napier prime retail rents continue to be close to double that of Hastings. National retailers continue to underpin leasing at earlier levels.
  • Investment property yields in both Hastings and Napier are stable and remain at previous levels at 8.2% and 7.7% respectively.
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Entry filed under: Commercial/Industrial.

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