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Metrics Commentaries Q1 – 2014:
- After some false-starts confidence is much improved and NZ economic numbers are rosier than has been the case for a long while, improving the outlook for most commercial-industrial property.
- Our graphed commercial-industrial property sales peak Q2-08 at $82M was 73% lower 5.25 years later at $22M Q3-13 (transaction numbers peaked at 58 in Q2-08 and reduced 55% to 26 by Q3-13).
- Considerable new commercial-industrial development has occurred for Hawke’s Bay 2010-14, particularly Napier’s Hastings Street revitalisation. This is good for Napier-Hastings and the province.