HB + National Commercial Property Market Report Q1-2 2012

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Current Press Links:
9 August 2012 Hawke’s Bay Today article link

9 August 2012 NBR paid content article link
Report Notes:
  • The NBS rating or seismic performance of buildings is a top-of-list topic that is now dominating many aspects of commercial property.
  • The overstated speculative response to seismic status is a ridiculous 21,500 m2 or 175% increase in three months of proposed office supply.
  • Rental values for most commercial and industrial properties continue to soften in the face of vacancy and generally oversupply.
  • Commercial and industrial land values are back sharply whilst very good quality investment property values continue to hold-up well.
  • Counter-cyclical property investment opportunities will continue to feature in 2012-13 and for more risky properties some unprecedented bargains now apply as more vendors or banks bite the bullet and meet the market.