Auckland commercial property market reports

Auckland Property Market Commentary July 2020

31 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

31 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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