2023 New Zealand Regional Figures Report - Hawke’s Bay

Explore the Hawke’s Bay property market trends for December 2023. Commercial office space in Napier and Hastings remains in high demand with record-low vacancy rates and strong rental growth. Napier's industrial market also demonstrates steady performance and increased rent due to low vacancies. The retail sector in Napier and Hastings showcases low vacancy levels and improved rental growth for quality tenancies. However, Gisborne's office sector has high vacancy levels, while its industrial and retail sectors show strong performance and decreased vacancies. Discover more about the changing yields, market direction, supply, and demand across different sectors and grades in Hawke’s Bay.