Commercial Figures Queenstown

CBD office demand remains steady and subject to low levels of vacancy, most of which relates to dated premises in secondary locations. Supply has increased in recent years following the expansion and ongoing development of the Frankton commercial precinct, which offers new build A-grade office accommodation.

Recent leasing activity in the industrial sector has achieved strong results, particularly for smaller scale new build premises.

The Queenstown CBD retail environment has now fully recovered from the lows experienced during the pandemic, with improved tourism numbers having returned confidence to the marketplace and local businesses.