Commercial Figures Nelson

The Nelson office market remains relatively stable, overall with limited vacancy, although a number of tenancies have recently become available in the market. Rental rates are modestly increasing, as the market takes stock of a change in dynamics post pandemic with reduced demand. A number of new developments, yet to commence, remain available for leasing in the pre-development stage.

The industrial market remains strong across the region, with limited available property for sale or leasing. Industrial land availability remains limited, with recent developments finding a ready market for sale.