Vacancy rates well-below long-term average
Commercial and Industrial sales activity between 2015 and 2018 has lifted, driven by local as well as offshore investor activity
Retail spending continues to grow across the country, but the growth remains focused on certain retailing industries. Supermarket and grocery sales continue to dominate the total value of retail spending in New Zealand, and an additional 2% growth from the December 2017 quarter to the December 2018 quarter was experienced, extending the sector’s lead.
Although 2018 sales data remains provisional and will likely receive a boost upwards from the current numbers once more settled sales are reported, it is apparent in the bottom chart that industrial sales remain the most highly traded of all of the sectors.