Christchurch Figures Q4 2025

KEY MARKET CHANGES:

• In Q3, positive supply demand dynamics in specific pockets in the Core and West End precincts drove up rents in Christchurch’s Prime and Secondary CBD office submarkets.
• Following several quarters of steady rental growth, the Suburban office market in Q3 2025 experienced no change in market rents.
• Christchurch's retail market was also stable in Q3, with no significant deals signalling a change in market metrics.
• Christchurch's industrial market remained subdued in Q3, with low leasing activity, and some occupancy consolidation.
• The investment market is gaining momentum due to the RBNZ's loose monetary policy, driving up transactional activity and expected to lead to clearer pricing visibility in the final quarter of the year.  Meanwhile, Q3 showed stable commercial property yields across all sectors.
• Even though New Zealand’s aggregate demand has been contracting, the economy is expected to rebound in 2026 driven by export growth, business investment, and further interest rate cuts.  Christchurch's economy continues to outperform.