2024 New Zealand Regional Figures Report – Rotorua

Explore the commercial, industrial, and retail property market trends in Rotorua as of June 2024. This report describes how the office market is experiencing low vacancy levels for prime space, limited demand for secondary and poor-quality space, and softened yield levels. Also, the industrial market is relatively robust due to limited vacant land supply near the CBD, with overall low vacancy and firm rent levels. The retail market is soft with general oversupply, considerable site swapping, and softening yields, especially for second-tier properties. Uncover the factors influencing these trends in our full report.