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Commercial Property Investor Confidence Survey Quarter 1 2020

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Abstract Building 2

Shifting down a gear, for now

Colliers’ quarterly confidence survey asks commercial property market participants about their views on the outlook for commercial property investment over the next 12 months across New Zealand. The survey was conducted from 4th March to 12th March 2020. 

Highlights of our March 2020 quarter Commercial Property Investor Confidence Survey:
  • Investor confidence has shifted down from its record highs over the past few years. A net positive 7% (optimists minus pessimists) of respondents expected investment conditions to get better over the next 12 months. This is down from 27% in the previous quarter.
  • While the number of pessimists increased slightly, the reduction in the net positive result is due to a reduction in the number of respondents now expecting similar conditions rather than better conditions over the next 12 months.
  • Mt Maunganui/Tauranga has taken the top spot for the fourth consecutive quarter, followed by Hamilton that enters the top two position for the first time since the survey began in June 2009.

  • Queenstown was knocked out of the top two for the first time since the December 2013 quarter, securing third place. Wellington and Dunedin achieved fourth equal.
  • In Auckland, respondents’ confidence was highest in the industrial sector (48%), followed by the office sector (21%). Wellington respondents’ confidence was equally high for the office and industrial sectors (29%).
  • When asked what could have the biggest positive impact on the market in 2020, the most common response was low interest rates for our December 2019 and March 2019 surveys.
  • When asked last quarter what could have the biggest negative impact on the market in 2020, the most common response included tightening in bank lending. This survey, over two-thirds of respondents indicated COVID-19 implications.
  • There were 1,456 responses utilised to construct the survey results.  
Find the link to download and view the report below, or CLICK HERE to view more Colliers Insights.

commercial property investor confidence survey

Commercial Property Investor Confidence Survey Quarter 1 2020

Download Report
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Chris Dibble

National Director | Colliers Partnerships, Research & Communications


Chris Dibble oversees three key business units at Colliers New Zealand - Colliers Partnerships, Research and Communications.

Colliers Partnership priorities focus on support initiatives that drive collaboration, best practice learning, cost efficiencies, and growth opportunities across the wider Colliers franchise network.

As the head of research for Colliers, Chris oversees the collaboration and delivery of award-winning research reports. He is a regular presenter and market commentator, often discussing the latest insights on current and future property trends.

Chris also leads  PR and communications for Colliers. He works with in-house and external writers to curate an audience-focused content delivery strategy. 

With over 15 years of experience and university qualifications in economics, geography, marketing and property, Chris provides a multi-disciplinary approach that assists a broad range of clients and internal stakeholders.

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