2024 New Zealand Regional Figures Report – Southland

Explore the June 2024 property market report for Invercargill and Southland, New Zealand. The commercial office market in Invercargill is currently oversupplied, particularly for B and C grade spaces, with a higher ratio of owner-occupiers in provincial towns. The industrial market in Southland, particularly Invercargill, is experiencing positive demand and a shortage of space, with good rental growth over the past two years. There is a current oversupply of secondary retail space in Invercargill especially for those located within earthquake prone buildings. The report includes data on net yields, occupier and investor market directions, and supply and demand trends in Invercargill and provincial town in Southland.