CBRE: Retail rents in Auckland up nearly 5% in 2016

Realopedia Global Real Estate Portal

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