Office

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11 Sep 2020
Colliers Essentials | Auckland CBD Office Report | Second Half 2020
Vacancy increased from its cyclical low, reflecting the impact of COVID-19 and the introduction of new supply. The overall vacancy rate reached 6.3% in our latest Jun-20 survey, up from the 20-year record-low of 4.7% recorded just six months prior. Prime vacancy increased from 2.5% in Dec-19 to 3.5% in Jun-20. Secondary space experienced a greater rate of increase from 6.3% in Dec-19 to 8.5% in Jun-20.
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8 Sep 2020
Colliers Essentials | Wellington CBD Office Report | Second Half 2020
The Wellington CBD vacancy rate increased slightly from 5.9% in Jun-19 to 6.5% in Jun-20. There is just over 90,000 sq m of vacant space. Leasing options within the prime sector remain limited with a vacancy rate of just 0.6%, representing just below 1,900 sq m of space. Secondary vacancy increased to 8.1% the highest since Jun-2018 but well below the 20-year historical average of 10.4%
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4 Sep 2020
New Zealand Research Report September 2020
While the result of the 2020 election is still weeks and possibly months away, what is certain now is that whoever forms the government is set to unleash massive fiscal stimulus in order to reinvigorate the economy post COVID-19. Unprecedented spending on infrastructure will bring long-term economic benefits and will also have a profound impact upon property.
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26 Aug 2020
Colliers APAC The Future of Office
The effects of COVID-19 have raised fundamental questions for the office sector, including new approaches to space utilisation, the reassessment of premises strategy and the nature and scale of office demand, combined with the implications for rents and capital values. Major changes are already taking place and a key question is whether these will be in place for the short term or whether we are seeing structural shifts that will persist going forward.
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