New Zealand Commercial Real Estate Insights

NEW ZEALAND

CRE OVERVIEW

CHART 5: REAL GROSS DOMESTIC PRODUCT

CHART 6: CASH RATE, CONSUMER PRICE INDEX (CPI)

CHART 7: EMPLOYMENT GROWTH, UNEMPLOYMENT RATE

Employment Growth

Unemployment Rate

8%

CASH RATE

CPI

HISTORICAL

FORECAST

10%

20%

6%

15%

8%

4%

10%

6%

2%

5%

4%

0%

0%

-5%

2%

-2%

-10%

0%

-4%

-15%

Source: Moody’s, Cushman & Wakefield Research

Source: Moody’s, Cushman & Wakefield Research

CHART 8: GLOBAL COMPARISON (AVERAGE 2025-2034)

1.5%

Australia

1.0%

Canada

United Kingdom

New Zealand

0.5%

Germany

Spain

France

United States

0.0%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

South Korea

Italy

-0.5%

Japan

-1.0%

POPULATION GROWTH

CUSHMAN & WAKEFIELD

8

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