Nelson Figures H1 2025

Key Points:

• The Nelson Central office market has around 78,000 sqm of office space, encompassing standalone office buildings and those within mixed-use developments.  
• Total office vacancy sat at 6.8% during the first half of 2025. Notably, the Prime office submarket did not register any vacant space during this period.
• Most of the office assets in Nelson Central were completed in the second half of the last century. Almost a fifth of all office locations were built after 2020.
• Nelson has around 682,000 sqm of industrial space across 475 buildings, including Richmond on the Tasman District. Stoke is the suburb with the largest industrial footprint in Nelson. 
• Nelson's industrial vacancy rate was 4.0% during H1 2025, with 27,000 sqm vacant stock, most of it in the Grade C submarket.