2024 New Zealand Regional Figures Report – Tauranga

Explore the Tauranga property market trends for June 2024, showcasing consistent rental growth in commercial office and industrial sectors. The office market is still exposed to low vacancy and good rental growth, albeit at a more modest level than in the previous period. However, new CBD construction is redefining A-grade spaces and setting new rent benchmarks. The industrial market has been buoyed by consistent rental growth due to constrained supply and low vacancy rates. Rents in the main industrial areas of Mount Maunganui and Tauriko have showed the strongest upswing. The retail market is currently showing low to moderate rental growth in most areas, with exceptions in select areas of the CBD and Mount Maunganui. Discover the factors influencing these trends in our full report.