NEW ZEALAND
CRE OVERVIEW
INDUSTRIAL
Industrial demand in New Zealand is backed by the scale and growth of trade activity, given the country’s heavy dependence on global trade. In September 2025, total trade reached approximately $169 billion, comprising $94 billion of imports and $75 billion of exports, with Moody’s forecasting total trade to increase to around $204 billion by 2030. This growth trajectory continues to support baseline demand for logistics, warehousing and distribution space. The composition of trade further reinforces demand for industrial property. Exports are dominated by primary and processed goods, led by dairy ($4.23 billion, 17% of exports), followed by meat and fruit (around $1.9 billion each, 8%), supporting ongoing demand for processing, cold storage and export-oriented logistics facilities. On the import side, machinery and equipment ($3.1 billion, 10%),
vehicles and parts ($2.3 billion, 8%) and oil and gas ($2.1 billion, 7%) underpin demand for large-format warehousing and distribution assets. At regional level, Auckland’s economy has a strong industrial orientation, with manufacturing (around 8%) and wholesale trade (around 9%) together accounting for a material share of the city’s GDP. This economic structure is to translate into sustained industrial space requirements, consistent with Auckland’s role as the country’s primary distribution and manufacturing hub. Compared to Auckland, Wellington’s industrial demand is smaller. Christchurch exhibits a more production-oriented industrial profile, supported by manufacturing and construction, which reinforces the demand for larger-format industrial facilities tied to agricultural goods processing and supply-chain activity.
CHART 11: TOTAL TRADE (NZD, BILLION)
250
Total Import
Total Export
Total Tade
200
150
100
50
0
Source: Moody’s, Cushman & Wakefield Research
CUSHMAN & WAKEFIELD
1 2
Powered by FlippingBook