New Zealand’s retail property insights

Discover the latest trends and opportunities in New Zealand's retail real estate sector with JLL's 2025 Retail Property Insights. This report provides valuable knowledge into the key drivers shaping the market, investment opportunities, and future outlook.

Key themes explored:

•  Underlying Drivers: Understand how population and GDP growth, migration patterns, and economic recovery influence the retail sector.
•  Investor Value Proposition: Explore the solid demand for shopping centres and large format retail, coupled with low vacancy rates, creating an attractive investment environment.
• Demand and Supply Imbalance: Examine the critical issue of retail supply not keeping pace with population growth, presenting potential opportunities for developers and investors.
•  Investment Trends: Analyse transaction volumes, capital value changes, and the resurgence of international capital in the New Zealand retail market.
   

Key questions answered:

• How is long-term population and GDP growth impacting New Zealand's retail sector?
• What is the current demand for shopping centres and large format retail in New Zealand?
• How does New Zealand's retail supply compare to population growth, and what opportunities does this present?
• What impact are lower interest rates and stable inflation having on investment activity in the retail sector?
• What are the average yields by sector and location, and what do they reveal about risk and return opportunities?
• How has the proportion of sales by purchaser capital changed over the years, and what does it indicate about investor confidence?

Download our complete report for detailed transaction case studies, metro-specific forecasts, and strategic investment insights to capitalise on this emerging opportunity before supply catches up with demand.