Colliers Essentials

Auckland Retail Report | Second Half 2018

The retail supply pipeline is the largest it has been this cycle with 179,380 sqm of space to be built in the next few years. This is attracting a number of new tenants to the sector, some from offshore. The development pipeline will alleviate long-term demand pressures, but this could also see a potential rise in vacancy.

Many retailers will be faced with steady and moderate rental growth. Retailers wanting to position themselves in new major centres will face strong competition and higher rental rates.

Online food delivery services are reshaping the way retailers use property with the rise of online-only restaurants known as ‘ghost restaurants’. New Zealand saw it’s first ‘ghost restaurant’ on Auckland’s Ponsonby Road.

In August, Precinct Properties’ Commercial Bay retail centre opened their first store, H&M’s flagship store. The remaining retail space is anticipated to be completed by September 2019.

Kiwi Property have announced Kmart will be opening a store at Sylvia Park replacing the existing Countdown. 


Colliers Essentials

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Chris Dibble

Director | Research & Communications

Auckland CBD

Chris Dibble oversees the delivery of award-winning research reports, PR and Communications for Colliers International New Zealand. With over 13 years of experience and university qualifications in economics, geography, marketing and property, Chris has a  multi-disciplinary approach that assists a broad range of clients in their strategic decision making. Chris is a regular presenter and market commentator with an extensive network of media contacts to discuss the latest insights on current and future property trends. Chris also works with in-house and external writers to curate an audience-focused content delivery strategy for Colliers.

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Leroy Wolland

National Director

Auckland CBD

Leroy focuses on national retailers in the large format retail sector. He matches his clients’ new requirements with appropriate opportunities and helps in rationalising any sites surplus to their needs.

He takes a strategic role in advising private and institutional developers and landlords on project leasing options. He also actively helps Australian retailers identify strategic opportunities to launch their brands in the New Zealand market.

Leroy is committed to delivering results to his clients.

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