1H17 | Commercial-Industrial Property Market Reports | Report 25

Market reports recent Press and:

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Hawke’s Bay Today article | 18 Jul 17 | Commercial property action reflects ‘surging’ Bay economy

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Ahuriri Tech Hub Development | Photo: TCL 2017

Q1 – 2017 | Hawke’s Bay Retail Occupancy Survey

Turley & Co Hawke’s Bay Retail Occupancy Survey report recent Press page and links below:

 

Single page findings for Hawke’s Bay’s main retail: Napier, Hastings, Havelock North and Taradale.

Mainstreet retail occupancy has improved 13% for the first quarter of 2017 reflecting Hawke’s Bay economic buoyancy and retail spending growth.

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2H16 | Commercial-Industrial Property Market Reports | Report 24

Market reports recent Press and:

   

Radio NZ Morning Report 30 Jan 17
TCL booming HB | audio 1m 15s

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.

Ahuriri Tech Hub Development | Photo: TCL 2017

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.