Central business district stories
Vacancy has risen across Auckland and Wellington, while retailers and landlords wait to see whether city centres can recover from lockdown losses.
Power was cut to a neighbourhood in Auckland’s CBD after a worker struck an 11kv cable, exposing gaps in permit-to-dig checks.
Albany has become Auckland’s top apartment market, with suburban projects taking more than two-thirds of sales as CBD demand slumps.
Residents and businesses could soon see smarter lighting, bins and parking as Spark’s 5G rollout supports IoT across Auckland’s CBD.
Auckland’s central city is set to benefit from the $5b City Rail Link, with property values, investment and demand for quality offices holding up.
Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.
Takapuna could gain from a post-lockdown office shuffle as workers seek cheaper space and more home working weighs on Auckland's CBD.
City-centre footfall is rebounding, with new mobility data hinting at a steadier office market and a faster retail and tourism recovery.
Lockdown has forced Invercargill Central to push back its planned opening, complicating talks with Farmers and bank financing for the project.
Europe’s rise in skyscraper design was underlined as Emporis named Macau’s MGM Cotai the year’s top tower for its layered form.
Christchurch’s regeneration was underscored as Tūranga won the Supreme Award, while 10 other projects were named category winners.
Workers increasingly want offices with nature, flexibility and better amenities, forcing developers to move beyond rigid, process-driven design.
It will add 226 apartments and a 233-room hotel to downtown Auckland as demand for CBD homes outstrips supply, with completion due in 2024.
Melbourne office tenants could soon get the city’s first premium timber tower, with GPT aiming to complete the Frame project in late 2021.
Record-low vacancies are pushing up Wellington office and industrial rents, even as investors weigh the risk of a proposed capital gains tax.
Limited prime office stock is pushing Auckland CBD rents and yields higher, as hotel conversions leave developers short of sites.
Strong visitor growth and a chronic room shortage are keeping Auckland CBD hotel occupancy and rates high, with more demand ahead.
Offshore investors have snapped up Auckland’s Waldorf Stadium Apartment Hotel in the city’s biggest hotel deal for 12 years.
Tight space in Auckland’s CBD is expected to lift prime office rents by up to 5% a year until new supply arrives in 2020.
Record-low office vacancy in Wellington is driving demand for the 21,000sqm expansion, which will house 5,000 workers across four buildings.
