Retail Focus© Research Hawke’s Bay | October 2020

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Turley & Co Retail Focus© Research | Oct 20

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October 2020 Overview 

Since the lockdown, Napier-Hastings shop vacancies have increased by 7 shops – Hastings prime CBD by 3 vacancies and Napier prime CBD by 4. 

Hawke’s Bay primary retail locations combined occupancy is 92% compared to 93% in March, indicating relatively minor deterioration.  In 2015 combined occupancy was 90%.   

Our latest occupancy survey result is considerably better than some commentary suggested might occur.  The next survey at the end of Q1-21 will be interesting as retail property adjustments are still playing out for COVID effects.  The lockdown in many cases was assisted by landlords and Government. 

Refer to the report for more information.  

 

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