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Infrastructure series

The key drivers shaping the future of NZ’s Golden Triangle encompasses the pivotal role of population expansion along with the monumental mega real estate and infrastructure projects poised to influence transportation, housing, and logistics across diverse markets.

Strong development activity within the Golden Triangle across the whole property spectrum has been observed, from residential to commercial properties being built at a record-breaking pace.

Infrastructure catch-up projects have the potential to generate multiple opportunities for both developers and investors going forward.


The latest Coworking+ report provides insights into New Zealand’s flexible office market, highlighting noticeable trends with coworking spaces where tenants are gravitating towards modern buildings, emphasising quality to entice their staff back to the office, and how landlords are responding to the evolving demands of the market.

The latest Wellington CBD office report highlights the flight to quality among occupiers seeking better quality space for their staff, but are recommitting to office space. It also looks at uncertainty around seismic issues in Wellington that remains a key challenge for landlords and tenants.

The latest Auckland CBD office market update highlights a two-step office market. Changes in working trends have shifted the focus of demand towards quality offices, with rents rising for prime office space. Meanwhile, secondary properties are needing higher incentives to maintain their face rents amongst weaker demand.


The latest Auckland industrial market update highlights strong competition for space leading to rising rents across the region. Meanwhile, in the investment markets, higher interest rates led to a sharp drop in sales activity during 2022. Moving forward, yields are expected to stabilise at higher levels which should help bring more confidence back to investors.

The latest Wellington Industrial update explores the impact of the low-vacancy rate resulting in more off-market transactions and the shortage of space is making businesses look at 3PL solutions with existing warehousing capacity. It also looks at the risks of over-supply in the micro-unit market if the current tenant demand drops.


The 2023 Hawke’s Bay report analyses the impact of tenants seeking higher quality offices, creating a two-step rental market between higher and lower quality properties. The report also highlights how yields are stabilising at higher levels as signals show that long-term interest rates are peaking.

The latest South Auckland commercial market update explores the continued impacts of vacancy across all asset classes and the flow on effects of the higher interest rates on yields. The report also looks at how higher rents are needed for new builds to stack up.

The latest Taranaki commercial insights report highlights the effect of higher interest rates on market yields. The report also looks at how a high inflationary environment and higher construction costs require higher rents to make new builds feasible

The latest Nelson and Tasman commercial insights report explores the impacts of a tight industrial market in the region resulting in upward pressure on rents. The report also investigates the impact of softening yields and higher construction costs.

The 2023 Hibiscus Coast and Warkworth report explores how the impact of flight to quality is driving rents amongst better quality properties. The report also highlights the impact of higher interest rates on yields, and the current commercial property market.

The latest West Auckland report explores the uptick in tenants recommitting to the office, the post-pandemic changes to ways of working and the price stabilisation of development land. Click to read more including the latest on the industrial micro-unit market.

The latest Auckland North Shore commercial report highlights key trends such as the impact of tight industrial markets on rental rates and emerging two-step retail market with changes in consumer preferences. It also looks at the outlook for the next 12 months.

The latest Tauranga commercial report looks at the flight to quality in the office market as tenants seek higher-quality space to bring their workers back to the office. It also looks at the impact of rising interest rates as yields become softer. Signals of inflation and long-term interest rates peaking could indicate yields stabilising at higher levels.

The latest Hamilton commercial report highlights how the prices in development land appear to be stabilising as higher construction costs and lower demand soften yields. The commercial property market is generally subdued and a lack of transactions is making some sub-sectors experience downward prices.

The latest Christchurch commercial report explores the impact of interest rates on softening yields in the Christchurch market. Lower rental levels and newer buildings are making it feasible for larger occupiers compared to other major centres, with the added benefit of developable land.

The latest Whanganui report looks at the rising prices of ready industrial land in the face of restricted supply, the preference by investors and occupiers for buildings with high NBS ratings, and the impact of rising interest rates on yields.

The latest Palmerston North and Manawatū report highlights that large infrastructural investment by local and national governments is making the region attractive to occupiers, tenants and investors, and how large format retail has been largely resilient due to essential goods and e-commerce platforms.