2023 New Zealand Regional Figures Report - Nelson

Experience the dynamic Nelson property market, as revealed in the December 2023 report by CBRE. Discover the active office leasing market with rental uplifts across all grades and retail space conversions. However, sales volume has significantly reduced in 2023. Yields vary from 6.0% to 8.0% depending on the location and grade. The industrial market continues to perform well with low vacancy rates and continued rental growth, despite limited property availability. The retail market shows an increase in vacancies in prime and secondary locations in central Nelson, indicating a correction in rental levels. Explore the detailed report for more insights into the Nelson property market.