Commercial Figures Southland

The Southland office market is currently experiencing a limited supply of A grade space.

The office premises that have been recently let are generally of a smaller scale and B grade quality space. Those lettings have shown an increase in market rates.

Letting demand in the industrial sector remains positive with a shortage of quality space across Southland. We have seen good growth in rentals over the last 24-month period.

Invercargill Central stage two is now open and there is a current oversupply of retail space in Invercargill, especially for those located within earthquake-prone buildings.