Capitalising on growth

Why Taupo is the new hotspot for commercial property

“2023 was a tough year for commercial real estate, but despite the challenges there are now signs of positivity emerging as we head into 2024. With the election now behind us, there’s a sense of more certainty in the market, and we’re seeing green shoots beginning to emerge.”

As we look back at 2023, it’s clear that the year was marked by a number of challenges for the commercial real estate industry. Between rising interest rates and a general election, many investors chose to hit pause on their plans, leading to the lowest number of transactions in over three decades.

Despite these challenges, there are now signs of positivity emerging as we head into 2024. With the election now behind us, there’s a sense of more certainty in the market, and we’re seeing green shoots beginning to emerge.

One area where we’re particularly seeing growth is in Taupo, which has become an increasingly attractive place to invest in commercial and industrial property. The region is experiencing strong growth, driven in part by its central location and by the fact that it’s a great place to live and work. As the permanent population continues to grow, we’re seeing more and more national and international brands looking to establish a presence in the area to take advantage of this momentum.

Looking ahead, I’m confident that there’s a positive outlook for the commercial and industrial property sector in Taupo, particularly when it comes to high-quality new developments. Of course, there are risks to older properties, especially as there’s a growing emphasis on seismic strength and environmental sustainability and governance (ESG) trends. These factors are likely to become increasingly important in the years to come, as they’re already having an impact on international markets and our larger cities.

Now that there’s more certainty around the financial and political environment, this is a great time to consider selling your commercial or industrial property. We’re expecting a more positive and active market in 2024, so don’t hesitate to get in touch with us if you’re thinking about making a move.

Gary Harwood

Commercial & Industrial Specialist Bayleys Taupo

Licensed Salesperson REAA 2008