Hastings Napier Rents and Yields Summary December 2011

5/10/2012

Download the latest research on the Hastings and Napier commercial property market.

In summary

  • Investment property yields in both Hastings and Napier are stable and remain at previous levels at 8.2% and 7.7% respectively.
  • There is good demand from investors for prime retail property, but limited supply. Industrial property is also in demand and shows the best returns, this is consistent with other regions.
  • Positive ‘Total Returns’ in both markets are now stronger and shows further improvement over the previous six months. Hastings returns 7.9% (6.7% in June 11) and Napier 7.9% (6.4% in June 11). The best performing sector once again is industrial property. The office sector is holding up due to its higher income return compared to the retail sector.

 
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