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Wellington Property Market Research


Our Wellington property market research is at the forefront of the property industry, offering independent and authoritative insights into emerging market trends and developments which are shaping the future of the Wellington property market. Our team of market-leading researchers regularly deliver comprehensive reports, forecasts and advice to empower property occupiers, owners and investors to maximise the potential of properties and accelerate their success.

Colliers latest research

3 Dec 2021

New Zealand Research Report December 2021

For the last Colliers monthly report of each year we provide some of our top predictions for the following year. These are not our only projections on the large, complex and ever shifting dynamics of the property sector, so make sure to reach out to get the most relevant and up to date advice.
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5 Nov 2021

New Zealand Research Report November 2021

Despite a reimposition of COVID-19 enforced restrictions, a changing regulatory backdrop and an upward trajectory for interest rates, respondents to two of our latest national surveys anticipate property market activity to perform well over the next 12 months, albeit some new challenges are emerging.
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5 Oct 2021

Colliers Essentials | Wellington Retail Report | Second Half 2021

The Wellington CBD retail vacancy rate reduced to 6.2% in the June 2021 survey, down from 7.0% recorded in June 2020. While there has been some buoyant leasing activity for prime quality and well-located shops, overall leasing conditions remain challenging, especially for secondary premises. Overall strip retail vacancy rates are expected to remain elevated over the next 12-18 months , especially in the hospitality and entertainment sectors, due to restricted trading activity from Covid-19 Alert Level requirements.
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4 Oct 2021

Colliers Essentials | Wellington CBD Office Report | Second Half 2021

The high proportion of government occupied office space in Wellington (around one-third), the resilience of the private sector demand profile and ongoing changes to total available supply due to seismic strengthening requirements have combined to keep vacancy rates relatively low over the past year. The overall vacancy rate is at 6.7%, up only marginally from the 6.4% recorded in the June-2020 survey. Prime grade vacancy remains at extremely low levels, currently at just 1.1%.
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Latest news

12 Nov 2021

Largest hotel in capital sold

Agreement has been reached for the sale of the 280 room Rydges Wellington hotel to NZ Hotel Holdings Asset LP (NZHHALP); a partnership between the $60 billion NZ Super Fund, The Russell Property Group, and Lockwood Property Group.
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5 Nov 2021

Wellington office space experiencing huge demand

The lack of quality available buildings in Wellington’s CBD is forcing major occupiers to make decisions about their office space up to five years ahead of their lease expiry.
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