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Article: Bay remains a high rider
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- Article from:
- New Zealand Herald (Auckland, New Zealand)
- Article date:
- January 16, 2009
CopyrightCOPYRIGHT 2009 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DESPITE the economic slowdown, good tenant and investor interest in the Hawkes Bay continues to underpin the commercial and industrial property.
Ian Little, senior analyst for Bayleys Research, says the market has remained active during the past 12 months with tenant demand remaining high, particularly for retail property within established shopping precincts.
The latest occupancy survey conducted by Logan Stone shows the overall occupancy rate to have risen to 95.1 per cent from 94.8 per cent a year earlier. The survey tracks the occupancy rates within ground floor retail tenancies in a defined retail core in Napier, Hastings, Havelock North and ...