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Metrics Commentaries Q3 – 2013:
- The economic outlook and confidence is broadly improved this year that bodes well for commercial-industrial property. Interest rates trends meanwhile will be an influential factor.
- Our graphed commercial-industrial property sales peak Q2-08 at $82M and was 79% lower 4.75 years later at $17M Q1-13 (transaction numbers peaked shown at 58 in Q2-08 and reduced 78% to 13 by Q1-13).
- Considerable new commercial-industrial development applies for Hawke’s Bay 2010-13, particularly Napier’s Hastings Street revitalisation. This is good for Napier-Hastings and the province.