New Zealand Commercial Real Estate Insights

NEW ZEALAND

CRE OVERVIEW

CHART 14: GDP COMPONENT OF MAJOR CITIES (AS AT 2023)

CHART 12: IMPORT COMPOSITION

AUCKLAND Sector

NZD $ (bn)

%

10%

Professional Services

16.8

12%

Finance & Insurance

14.7

11%

8%

Machinery Vehicle Travel Oil & Gas Electronics Others

Manufacturing

12.0

9%

Construction

11.1

8%

7%

Wholesale Trade

10.6

8%

Real Estate Services

10.4

8%

7%

Info Media & Telco

9.5

7%

62%

Others

51.0

37%

6%

WELLINGTON Sector

NZD $ (bn)

%

Source: Moody’s, Cushman & Wakefield Research

Professional Services

6.9

15%

Public Sector

6.0

13%

Finance & Insurance

3.8

8%

Owner-Occupied Property Operation

3.6

8%

CHART 13: EXPORT COMPOSITION

Info Media & Telco

3.3

7%

Healthcare

2.9

6%

Construction

2.7

6%

Others

15.6

35%

17%

CHRISTCHURCH Sector

Dairy Travel Meat Fruit Logs Others

NZD $ (bn)

%

Manufacturing

4.8

11%

13%

49%

Construction

4.3

10%

Professional Services

4.2

9%

Owner-Occupied Property Operation

3.7

8%

8%

Healthcare

3.5

8%

8%

Real Estate Services

3.2

7%

5%

Agriculture

2.7

6%

Others

18.4

41%

Source: Stats NZ

CUSHMAN & WAKEFIELD

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