Property developers stories
Rising finance costs and subcontractor shortages are likely to delay some Auckland projects as construction inflation remains elevated.
The group’s Auckland office has lifted its NABERSNZ tenant score to 5 stars, underscoring lower energy use for occupiers and landlords alike.
Rents are climbing as Auckland's industrial vacancy rate falls to 2.1 per cent, the lowest level Colliers has recorded since 1995.
The upgrade is set to lift the Wellington tower's seismic rating to 88 per cent and put 7,000 square metres back on the market.
Tighter bank funding and rising borrowing costs could curb deals and pressure prices in New Zealand's commercial property market this year.
Green building could lift investment returns and productivity, with New Zealand's property sector warned it must cut emissions as cities grow.
