| 18 December 2009 |
Here Comes The Sun
The headline reflects our hopes for the summer holiday weather rather than a sunny outlook for the property market in 2010. Our new confidence and vacancy survey results suggest that there are still clouds on the horizon. Download the full report for more.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 27 November 2009 |
Pump It Up
Significant property sales in the main centres, so far in 2009, have reached $1.16 billion, 22% ahead of 2008’s total of $942 million with a month to go. This is the total of retail, industrial, office and mixed commercial use sales over $2 million. Download the full report for more.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 29 October 2009 |
Riders on the Storm
As we ride out the economic storm, commercial landlords continue to struggle with declining values, pressure on rents and increasing incentives, but in a country which finds itself on the outer edges of the economic storm. Download the full report for more.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 25 September 2009 |
Both Sides of the Story
September monthly report includes our regular quarterly updates of the rental and capital indices. In general we are still seeing easing of rental and capital values, some declines slowing and others gathering pace. Sometimes evidence of rental changes in particular take time to show. Download our full report for more.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 31 August 2009 |
Things Can Only Get Better
After a few months of pretty bleak commentary it is refreshing to be able to record some positive signs. Firstly the decline in the industrial property market is slowing. Rents have declined and vacancy increased, but not dramatically.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 28 July 2009 |
Private Universe
The investment universe belongs to the private investor. In the continuing absence from the market of publicly listed entities, except of course in the role of vendor, it is high net worth individuals and private companies who have the field to themselves. Download our full report for more.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 29 June 2009 |
Up, Up, and Away
CBD retail vacancy has gone up, CBD office vacancy has gone up, and market rental and capital values have fallen away across the three main centres so far this year. Download our full report for more.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 29 May 2009 |
Going Underground
The PCNZ/IPD investment index for the year to March 2009 has been released. The numbers reveal that, for the first time since the composite index was published in 1993, total return was negative, as steady income returns were overwhelmed by declining capital values. Download our full report for more.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 24 April 2009 |
Pretty Vacant
The findings of our recently published Auckland Metropolitan Office Report are consistent with our other research papers over the last year. Reducing supply, reducing demand, reducing values. About the only thing that hasn’t reduced is vacancy. Download our full report for more.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon |
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| 27 March 2009 |
Reasons to be Cheerful
Our thirteenth commercial property confidence survey provided some reasons to be cheerful, but not if you invest in Auckland. Download our full report for more.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon, Darren Park |
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| 25 February 2009 |
We Didn't Start the Fire
We may not have started the financial fire, but even in a small, remote country there is no escaping the recessionary consequences of the credit crisis and the US/European financial services meltdown that has followed. Just as economic events in the US illustrate the economic effects we can expect to experience, so current events in their property markets can provide early warning signals for our markets. Download our full report for more.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon, Darren Park |
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| 30 January 2009 |
Cuts Both Ways
The sharp cut in the Official Cash Rate (OCR) to 3.5% yesterday, and the consequent cut in term deposit rates for investors are sure signs of a weak economy, and thus hardly cause for celebration, but they represent significant positives for property investors. Last month we highlighted how property’s risk premium was returning to historic norms. We estimated it to be 2.5% to 3% in both the US and NZ. These cuts accelerate the risk premium movement back to a level that makes property investment relatively attractive.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon, Darren Park |
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