A New Zealand tax change introduced in 2025 and retained in this year’s Budget can meaningfully reduce the cost to tenants of an office fit-out. However, many occupiers planning a move may not realise it applies to them and may miss out on significant financial benefits as a result.

A high‑level look at the macro forces shaping New Zealand’s economic environment in 2026, helping investors understand the landscape influencing real estate decisions. Explore the full outlook.

Christchurch office occupiers stand out as New Zealand’s most confident, with organisations in the city leading the country on key measures, including expansion plans and office-based work time, according to CBRE’s 2025 New Zealand Office Occupier Sentiment Survey.

The New Zealand government’s budget in May 2025 introduced a welcome cash flow boost to the property sector. For capital expenditure on new assets, property owners can benefit from a 20% upfront tax deduction in addition to normal depreciation allowances.

Discover how the gap between the sustainability goals of major occupiers and the environmental performance of the buildings they occupy presents a significant opportunity for landlords and developers.

Discover the future of New Zealand's real estate market in 2025. Get insights on economic outlooks, key themes, and property market dynamics. Learn more now!

The re-emergence of some vacancy in the industrial property market this year is opening up more options for occupiers searching for premises, following years of extremely low vacancy since the Covid pandemic.

Discover the 2024 CBRE New Zealand Office Occupier Sentiment Survey insights. Learn how Auckland, Wellington, and Christchurch office occupiers are adapting to hybrid working, refining workplace design, and implementing strategic relocations. Explore office leasing trends, workplace consulting, and utilisation strategies to enhance your real estate decisions. Stay informed on office leasing and office utilisation strategies in Auckland, Wellington, and Christchurch.

Demand levels recovered through 2023 to near 2019 levels with strong domestic demand supported by growth in Australian and US visitation. The recovery in Chinese travel continues to be slow and is not expected to fully recover until the 2024/25 NZ summer period. Occupancy levels are trending upward as new supply is absorbed and with ADR’s well above pre-COVID levels, RevPAR’s across all major markets have surpassed previous peak levels.

Despite the continued global drive towards nearshoring and supply chain diversification, Asia Pacific remains a choice manufacturing destination.