Hastings Napier Rents and Yields Summary December 2012

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

In summary

  • Prime property still in a "holding" pattern with buyer unwillingness to commit
  • Conflicting data in the market, both positive and negative but broadly with more confidence apparent
  • Still limited sign of that confidence being expressed as change in the market
  • Investment property yields in both Hastings and Napier are stable and remain similar to previous levels at 8.1% and 7.7% respectively
  • Total returns in both Hastings and Napier markets have improved over the previous 6 months
  • The best performing sector is prime office property with industrial property coming a close second

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