New Zealand Research Report - October 2020

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Colliers’ latest analysis of national commercial and industrial property sales shows that over the 12 months to June 2020, there were 3,258 transactions with a total value of $7.5 billion, well down on previous years.

 

 

Colliers’ latest analysis of national commercial and industrial property sales1 shows that over the 12 months to June 20202, there were 3,258 transactions with a total value of $7.5 billion, well down on previous years. The industrial sector comprised 43% of the total value and 51% of the total number of sales. 

 

Unsurprisingly, given the huge disruption caused by COVID-19, trends are significantly different when viewed in six monthly blocks. Sales concluded in the second half of 2019 generated just under 75% of the total number of properties transacted and approximately 72% of the total sales value over the 12-months to June 2020.  Sales volumes over the first half of 2020 with 814 transactions and a total value of $2.07 billion was well down on the previous six-monthly results. While a ‘wait-and-see’ approach was undertaken by many investors during the disruption from COVID-19, the lag in data reporting for the opening half of 2020 will have also played its part. As we progress through the year, we expect the total number of sales and total value to edge up, but there is no doubt that the totals will remain below recent annual results.
 
1. Commercial and Industrial properties as well as vacant land that transacts for $10,000 or more sold by any agency or privately.

2. First half of 2020 figures provisional

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New Zealand Research Report - October 2020

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Chris Dibble

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Auckland CBD

My Colliers Partnership priorities focus on support initiatives that drive collaboration, best practice learning, cost efficiencies and growth opportunities across the wider Colliers International New Zealand franchise network. I also oversee the collaboration and delivery of award-winning research reports and communications for Colliers. With over 13 years of experience and university qualifications in economics, geography, marketing and property. I have a multi-disciplinary approach that assists a broad range of clients and internal stakeholders. I am a regular presenter and market commentator, often discussing the latest insights on current and future property trends. I also work with in-house and external writers to curate an audience-focused content delivery strategy for Colliers.

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Adrian Goh

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Adrian conducts and prepares market research reports covering commercial and residential sectors across New Zealand. Alongside this, he actively manages a range of Colliers’ proprietary databases used in providing data-driven solutions for clients and  Colliers’ award-winning research reports. Coming from an academic background in finance and commercial law, Adrian has a unique approach in conducting market macro and micro economic analysis. Prior to joining Colliers, Adrian worked as an assistant valuer assisting with property and plant and machinery valuations at Beca Group.

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