Nelson Figures H1 2026

SUMMARY

• Nelson CBD office vacancy rose to 9.2% in June 2026 (from 7.2% in June 2025), driven 
  mainly by Grade C move-outs on Bridge Street and Halifax Street and a single firm's 
  exit lifting Prime vacancy to 5.5%, with Trafalgar Street and Bridge Street now holding 
  most of the CBD's unoccupied office space.
• Nelson CBD registered negative net absorption of 1,290 sqm in June 2026, led by 
  Grade C and A losses, as vacancies in low-quality space on Halifax and Bridge Streets 
  more than offset move-ins on other streets.
• Nelson industrial vacancy rose to 3.9% from 3.1% in June 2026, led by Prime move outs in Richmond, Annesbrook and Stoke and further Grade B vacancies at Echodale 
  Place and Packham Crescent.
• Stoke and Richmond were the suburbs with the highest industrial vacancy, whilst 
  Nelson South and Port Nelson had the lowest.