Wellington’s commercial property market, although currently bearish, has historically shown remarkable resilience, presenting astute investors with the opportunity to diversify their portfolios and capitalise on future upturns, according to Ben Castle, CEO of Tommy’s Real Estate.
Category Archives: Market Comment
Market Comment, Newsroom
Wellington’s commercial property market is wrestling with not only persistent inflation and high-interest rates but also public sector staffing and budget cuts | Tommy’s Commercial Update | April 2024
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Apr
Apr
The state of the market contrasts with the hope and confidence of three months ago, when the prospect of a fresh new government and a decline in interest rates
Market Comment, Newsroom
Renewed confidence in the property market means cashed-up investors and owner-occupiers are poised to invest | Tommy’s Commercial Update | February 2024
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Feb
Feb
The calendar year is underway and there is an air of confidence surrounding the property market as a whole.
Market Comment, Newsroom
Will confidence in Wellington’s commercial property market pick up post-election? | Tommy’s Commercial Update | October 2023
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Oct
Oct
“Naturally, the future of the country is on everyone’s minds at present,” Tommy’s Group CEO Ben Castle says.
Market Comment, Newsroom
Pockets of confidence are driving an otherwise quiet commercial property market in Wellington | Tommy’s Commercial Update | August 2023
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Aug
Aug
“However, there are pockets of confidence driving activity. Both buyers and sellers, landlords and tenants are managing to complete favourable transactions in the Wellington market.”
Market Comment, Newsroom
Wellington’s commercial property market is expected to improve now interest rates appear to have peaked | Tommy’s Commercial Update | June 2023
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Jun
Jun
“The recent Official Cash Rate announcement, however, signalled more certainty, there-fore confidence will start to filter back into the market and activity will pick up.”