Enhance your perspective on Retail property markets with our latest Research & Forecast Report, Second Half 2019.
Our latest report examines the key trends influencing various retail markets across Australia and New Zealand.
New Zealand Market Highlights
- Retail conditions remain challenging, however there is some uplift in retail spending in the past year which is assisting retailers and providing a more confident outlook for the sector.
- There has been a significant increase in the total floor area consented for the retail sector in recent years, dominated by a few particular projects in Auckland. These are likely to complete in the next six months, providing many new opportunities for tenants. Not all space is likely to reach full commitment upon completion.
- Experienced retail property investors continue to favour the sector, despite the challenging trading conditions. While investors are typically focussing on prime assets in supportive catchments, some investors are also re-evaluating the sector’s potentially higher yielding return opportunities in comparison to some other sectors. However, with higher returns, typically comes higher risk, and comprehensive due diligence is critical to the long-term successful outcome of these decisions.