Rotorua Industrial Vacancy Survey 2011
In general, the industrial leasing market has eased again in 2011 with vacancy levels in Rotorua having increased for the third year in a row. We have seen a number of businesses downsizing into smaller buildings. Some businesses have relocated to less prominent locations on the Westside and away from more expensive positions on the Eastside and Main Roads.
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Season’s Greetings
Once again it has been a challenging year for most sectors of the economy and the property sector has been no different. The whole country was buoyed by the winning of the Rugby World Cup and the hosting of the international visitors to our country. Now is a time to reflect on the year and look forward positively to 2012.
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Rotorua Lakes Overview
The Lakes market is typically made up of non-local purchasers more often than not spending discretionary income in the purchase of a holiday home, and also local purchasers with the ability to service the costs involved with living outside of Rotorua (primarily being fuel).
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Top End of Rotorua Residential Market
The top end of the residential property market is typically defined as properties over $500,000 and includes properties on sections without lakefront influence within the sought after suburbs such as Matipo Heights, Tihi-O-Tonga, Springfield, Glenholme, Lynmore and Kawaha Point.
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Forestry Market Overview
Over the first decade of the millennium, limited transactions and declining tree plantings were the principle signs of a difficult period for New Zealand forestry. Log prices, both domestically and for export, experienced fluctuation with a downwards trend. At the same time, harvest and transport costs escalated.
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Insurance in the Commercial Property Market
In the wake of the tragic Christchurch earthquakes, over the past 12 months, there have been a number of questions posed as to what impact they will have on the commercial property market.
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Keeping in Touch … “Dear Valued Tenant …”
The best thing you can do to preserve the value of your tenanted commercial property is know and understand your tenants.
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