Retail Property Focus© Hawke’s Bay | April 2020

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Turley & Co Retail Focus© Report

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Radio New Zealand property news audio 22 April

Since our Q3-19 survey 6 months ago, the overall Hawke’s Bay mainstreets’ vibrancy situation is unchanged at 93% occupancy – shop numbers increased by 1 and vacancies were elevated by 2.

Government subsidy and stimulus packages will assist mainstreet retailers to financially pull through the pandemic, and the economic aftermath may not be as bad as feared. In the current age of online shopping, most retailers operate a dual strategy with physical stores combined with online virtual retail. Retailers will be looking to boost their online presence and think outside the box for ways to operate under lockdown rules.

Team Turley & Co is picking that Government money flows combined with retailer and hospitality innovation, and more people shopping local; will help underpin a Hawke’s Bay town centres’ rapid recovery … [refer to PDF report for more]

And news post: COVID-19 | Premises No Access in Emergency Rent Relief

And late 2018: CBDs Are Social Centres | A Hastings’ CBD History | BayBuzz Magazine