Hawkes Bay remains a high rider

Despite the economic slowdown, good tenant and investor interest in the Hawkes Bay continues to underpin the commercial and industrial property.

Ian Little, senior analyst for Bayleys Research, says the market has remained active during the past 12 months with tenant demand remaining high, particularly for retail property within established shopping precincts.

The latest occupancy survey conducted by Logan Stone shows the overall occupancy rate to have risen to 95.1 per cent from 94.8 per cent a year earlier. The survey tracks the occupancy rates within ground floor retail tenancies in a defined retail core in Napier, Hastings, Havelock North and Taradale.

The highest occupancy rate was recorded in Havelock North for the fourth year running and stood at 99.2 per cent. Little says this consistently high rate of occupation has been maintained despite the expansion of the retail sector in Havelock North in recent years as a result of the town's growing popularity as a lifestyle location.

To read the full NZ Herald story click here

Posted: 19 Jan 2009

News articles

Browse articles
by date

September 2013

July 2013

June 2013

May 2013

December 2012

November 2012

September 2012

June 2012

April 2012

March 2012

February 2012

January 2012

December 2011

November 2011

October 2011

September 2011

August 2011

July 2011

June 2011

May 2011

April 2011

March 2011

February 2011

January 2011

December 2010

November 2010

October 2010

September 2010

August 2010

July 2010

June 2010

May 2010

April 2010

March 2010

February 2010

January 2010

December 2009

November 2009

October 2009

September 2009

August 2009

July 2009

June 2009

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

November 2008

October 2008

September 2008

May 2008

April 2008

March 2008

Please disregard these fields.


banner ad