2024 New Zealand Regional Figures Report – Otago

Explore the commercial, industrial, and retail property market trends in Otago as of June 2024. Discover how the office market in Dunedin CBD is experiencing growth with increased demand and renovation of buildings, though upcoming supply may soften the market. The industrial market has remained strong despite economic turbulence, with high demand and limited supply driving up land values and developments. The retail market has seen steady vacancy levels and rental values, with quality stock remaining tightly held and large format retail showing good rental growth. The report includes data on net yields, occupier and investor market directions, and supply and demand trends in Dunedin and Oamaru.