Q3 – 2016 | PropertyMetrix | Report 9

Hawke’s Bay has recently seen “stunning” commercial-industrial property transactions. Quick sales at low yields shows the investment market is heated. Built property total sales values and numbers improved every quarter during 2015, with similar trending for 2016. Some retail occupancy has rebounded.

Observations:

  • Caltex Karamu Rd resale Sep 16 plus 84% (~$900k) on previous Feb 11 sale – refer to TCL for details.
  • Built Hawke’s Bay commercial-industrial property sales values and numbers improved every quarter during 2015, similarly trending for 2016.
  • Since 2007, there have been five occasions when built Hawke’s Bay commercial-industrial property quarterly sales values have totalled more than $50M – 4 times between 2007-08, and the 5th occasion Q4 2015. There is a strong change this will repeat in 2016, with data lagging.
  • Commercial-industrial land sales spiked in the second quarter of 2015, the first time since 2007 land sales have exceeded $10million in one quarter.

1H16 | Commercial-Industrial Property Market Reports | Report 23

Please use your free access PDFs passcode or proceed to TCL Checkout to purchase

To purchase by credit card or tax invoice please proceed to TCL Checkout
PDF Passcode
The market reports are protected PDF documents.  To open a report an access passcode needs to be purchased (unless you have a free access code).  
Payment options include tax receipt PayPal credit card transaction ($79.00) for all four reports, or by tax invoice ($89.00).  Prices include GST.

1H15 Commercial-Industrial Market Reports

Please use your free access PDFs passcode or proceed to TCL Checkout to purchase

To purchase by credit card or tax invoice please proceed to TCL Checkout
PDF Passcode
The market reports are protected PDF documents.  To open a report an access passcode needs to be purchased (unless you have a free access code).  
Payment options include tax receipt PayPal credit card transaction ($49.00) for all five reports, or by tax invoice ($59.00).  Prices include GST.

Q3-4 2014 | Full Commercial & Industrial Property Market Reports | Report 20

Please use your free access PDFs passcode or proceed to TCL Checkout to purchase:


To purchase by credit card or tax invoice please proceed to TCL Checkout
PDF Passcode
The market reports are protected PDF documents.  To open a report an access passcode needs to be purchased (unless you have a free access code).  
Payment options include tax receipt PayPal credit card transaction ($29.00) for all five reports, or by tax invoice ($39.00).  Prices include GST.

Q3 – 2014 | PropertyMetrix | Report 6

For more market information upgrade to the full market report Q3-4 2014
To subscribe to future free reports click here

Metrics Commentaries Q3 – 2014:

  • Confidence is much improved on 2013 and NZ economic metrics are bolstering the outlook for most commercial-industrial property.
  • The charted commercial-industrial property sales peak Q2-08 at $82M was 61% lower 5.75 years later at $32M Q1-14 (transaction numbers peaked at 58 in Q2-08 and reduced 52% to 28 by Q1-14).
  • Large Format Retail activity has spiked:  Napier has seen Harvey Norman open at the Balmoral Centre and Noel Leeming expand its footprint into the adjoining Godfreys premises.  In Hastings, Noel Leeming is expected to relocate to The Park, The Clearance Shed has leased up a large portion of the former The Warehouse, and PK Furniture is moving into premises adjoining Warehouse Stationery.

Q1-2 2014 | Full Commercial & Industrial Property Market Reports | Report 19

Please use your free access PDFs passcode or proceed to TCL Checkout to purchase:




To purchase by credit card or tax invoice please proceed to TCL Checkout
PDF Passcode
The market reports are protected PDF documents.  To open a report an access passcode needs to be purchased (unless you have a free access code).  
Payment options include tax receipt PayPal credit card transaction ($29.00) for all four reports, or by tax invoice ($39.00).  Prices include GST.

Q1 – 2014 | PropertyMetrix | Report 5

For more market information upgrade to the full market report Q3-4 2013
To subscribe to future free reports click here

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.