With yields trending towards eight percent, juxtaposed by cost of debt at around five percent, commercial real estate’s positive spread is becoming highly attractive in 2025.

Refusing to be forever defined as the earthquake city, Christchurch is thriving, attracting wide investor interest and outperforming other centres on a number of metrics.

With 2024 a year best forgotten in commercial and industrial real estate circles given all-agency industry data showed the lowest number of sales transactions in decades, there are high expectations for the next 12 months across sectors.

Although 2024’s clock is still winding down, there’s really not much more to say about the year. Every twist and turn has been sliced, diced and spliced but we all agree on something – it was one for the books, and not in a good way!

Looking back on the market through 2024, Bayleys’ commercial directors report challenging conditions prior to the Reserve Bank’s first OCR cut in August, with drops in consumer spending, and a slow down on new commercial development and investment.

Industry and sector data shows a mixed bag for the hotels, tourism and leisure market – but it’s a dynamic and fluid picture with plenty to be excited about.

Auckland’s Wynyard Quarter has evolved over recent years to become New Zealand’s leading sustainable mixed-use precinct with many of New Zealand’s most innovative companies choosing it as their base of operations.

It’s taking time for New Zealand to claw international tourism volumes back to pre-pandemic levels, but with Stats NZ’s latest overseas visitor figures showing there are encouraging signs that the rebound is happening.

As New Zealand grapples with its most significant housing challenges in decades, the Government’s Going for Housing Growth strategy has the potential to deliver changes to land availability, infrastructure development, and affordable housing supply.

Clients are leveraging Bayleys’ network superpower to get results in a complicated and sometimes confronting market.