2024 New Zealand Regional Figures Report – Manawatu

Explore the June 2024 report on commercial, industrial, and retail property markets in Manawatū. The office market is seeing a trend towards low-rise buildings with moderate increases in rent, especially for small to medium-sized premises. The industrial market is experiencing strong demand due to a shortage of modern premises, with steady value levels despite higher servicing costs. The retail market in Palmerston North is stagnant with little to no rental growth, due to factors such as increased operating costs and competition from online shopping. Discover how these trends affect yields, supply, and demand across Manawatū.