2024 New Zealand Regional Figures Report – Queenstown

This report offers a detailed overview of Queenstown's commercial real estate market for June 2024, covering office, industrial and retail sectors. It highlights that the office market, particularly in Frankton, is near to capacity with A-grade buildings and is considered favourable due to fewer parking and accessibility issues. The industrial market is experiencing strong demand and rental growth, especially in Frankton, due to limited supply. The retail market in Queenstown CBD has seen record rent levels and a shift in prime retail areas, with rents remaining highly sensitive to location. Overall, the report provides a thorough insight into the Queenstown commercial real estate market.