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Commercial

Commercial property market reports

Auckland Commercial Property Market Commentary - July 2021

Auckland Commercial Property Market Commentary - July 2021

28 July 2021

The economy has continued to outperform market expectations. Over the last 12 months economic activity in Auckland has been building momentum. Labour market conditions have tightened with unemployment at 4.7% and businesses reporting difficulty in finding skilled staff.

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Auckland Property Market Commentary July 2020

Auckland Property Market Commentary July 2020

29 July 2020

Pre-COVID-19 the office market had experienced a period of strong growth. Underlying market fundamentals were strong with low vacancy rates in most precincts, rising rents, increasing levels of demand, increased development activity both in the CBD and the metropolitan markets, and steady investor demand.

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National Economic Trends March 2020

National Economic Trends March 2020

29 March 2020

New Zealand's economy continued to grow over the second half of 2019 albeit at a slower pace. Expectations are that this will end abruptly as the impact of COVID-19 flows through to the economy in 2020 and 2021. Economists are now forecasting a recession during 2020 with estimates of the fall in GDP ranging from -3% to -9%.

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