CBRE: Retail rents in Auckland up nearly 5% in 2016
In its Asia Pacific Market Outlook 2016, CBRE highlighted how trends for retail property rents vary quite markedly across the region. CBRE grouped markets in four categories: Growth Slowing; Steady Growth; Peaking and; Continued Decline. Auckland is included in the second of these. CBRE is looking for retail rents in Auckland to rise by nearly 5% in 2016, having risen by about 2% in 2016. CBRE expects that the retail development pipeline for Auckland over 2016, 2017 and 2018 will be minimal.
Source : CBRE/ February 2016/Auckland/RET