2024 New Zealand Regional Figures Report – Provincial Canterbury

Explore the latest developments in Provincial Canterbury's commercial property market, as revealed in the June 2024 report by CBRE. Discover why the office rental market in Timaru is slow due to an oversupply of spaces, while North Canterbury's market is strong with growth in superior office space rentals. The industrial market in Timaru and North Canterbury is active with new development lands available and strong prices achieved. The retail market in Rangiora is achieving record rental levels due to limited supply and high demand, while Timaru's market remains quiet with little change in rental levels. Find out key stats such as net yields and rental rates across different areas and sectors.