Research and Forecast Report
Industrial property sector remains the lifeblood of the economy. Technological advances are having positive influences on tenant demand and the next generation of industrial building and the appetite for Australasian industrial property remains elevated and supported by both local institutions and offshore investors.
New Zealand Market Highlights:
- The latest quarterly GDP growth rates show a 0.5 percent increase from the last quarter, above many predictions, and indicating a steady economic outlook.
- Latest results show a record low vacancy, a representation of continued strong tenant demand and a lack of suitable industrial stock.
- Industrial investor sentiment is slightly subdued this quarter although still strong across all three main centres.
The latest quarterly GDP growth rate was up by 0.5 percent from the last quarter, above many predictions, and indicating a steady economic outlook. However, business sentiment survey results continue to disappoint with further lacklustre results pointing to slower growth rates in coming quarters.