Hawke’s Bay Retail Property | Q3-21 Occupancy Trends + Spending

Registered ValuersRegistered Property ConsultantsLINZ Accredited.  Hawke’s Bay-based premium quality valuation and creative property strategy©.  Leading +$0.5b acquisitions-disposals NZ-wide for 23 years.  Valuation litigation and commercial property specialists.  Development and public land specialists. Property economy analysts and commentators – for Press.

 

Turley & Co Hawke’s Bay Retail Property Focus© 

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Hawke’s Bay retail occupancy has edged up to 94%, up 1 point on pre-pandemic and now matching Q1-19 that is the highest retail occupancy level in six years since bottoming out at 90% in 2015.

Hawke’s Bay physical stores retail occupancy 2019-2021 is displaying an improvement trend and very good resilience to COVID effects and online retail headwinds.  Retail spending for 2020-21 is trending strongly up 13% to 36%.

Refer to our survey results report above for more information.

 

Turley & Co Retail Property Focus© Research recent Press page and links below:

NZH | HBT | 8 Nov 21 | There’s fewer empty shops in Hastings and Napier than the beginning of the Covid-19 pandemic

 

 

BayBuzz | 10 Nov 21 | Retail stores resilient in HB

 

 

SCOOP | 11 Nov 21 | Hawke’s Bay Retail Sector Bounces Back From COVID

 

 

 

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