News | Business
29 Jul 2021 4:26
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The number of empty stores is on the rise in two of our biggest cities

    The number of empty stores is on the rise in two of our biggest cities

    22 June 2021
    Commercial real estate firm JLL has put out its latest retail market snapshot.

    It shows the Auckland CBD vacancy rate is past six per cent, while in Wellington's CBD it's more than seven.

    The capital's Golden Mile and Auckland's Queen Street are the biggest victims.

    Head of retail Nilesh Patel says Auckland's vacancy rate is well above what it's been in previous years.

    He says a lack of visitors and office workers still deciding to work from home, are contributing to the shop closures.

    Patel says we're mainly seeing closures of food and beverage outlets, gifts and the travel sector -- some of which have been around for many years.

    © 2021 Newstalk ZB, NZCity


     Other Business News
     28 Jul: Rents are rising again -- particularly in regional New Zealand
     28 Jul: Residential properties listings are still low in Christchurch - with 879 properties for sale in the city
     28 Jul: It's still unclear if businesses suffering from construction in Auckland's city centre will get any help from the Government
     28 Jul: A warning from the International Monetary Fund
     28 Jul: Raw unpasteurised drinking milk from a registered provider in Central Hawke's Bay is being recalled -- following detection of Campylobacter
     27 Jul: The temptation to go electric could increase as fuel prices enter pre-Covid-19 territory
     27 Jul: Motorists are being urged to shop around -- to avoid the pain of climbing fuel prices
     Top Stories

    RUGBY RUGBY
    The All Blacks Sevens team is one win away from securing i's first Olympic medal More...


    BUSINESS BUSINESS
    Rents are rising again -- particularly in regional New Zealand More...



     Today's News

    Soccer:
    The OlyWhites are anticipating a tough battle against Romania at the Tokyo Olympics 21:56

    Entertainment:
    Roger Daltrey has warned against the dangers of listening to “loud” music 21:46

    Entertainment:
    Michelle Heaton's body began "shutting down" due to alcohol abuse 21:16

    Motoring:
    Mixed results for our men's cyclists in the road time trial at the Tokyo Olympics 21:16

    Law and Order:
    Malaysian police say helicopter delivery of 'nasi ganja' breached lockdown rules 21:06

    Entertainment:
    Tiffany Haddish only goes to high-profile events "for a reason" 20:46

    Entertainment:
    David Thewlis got married five years ago 20:16

    Entertainment:
    Justin Timberlake has blamed his children for his "unavailability" 19:46

    Entertainment:
    Tom Cruise has taken up darts 19:16

    Sailing:
    It's been a better day on the water for New Zealand's sailors in Enoshima 18:56


     News Search






    Power Search


    © 2021 New Zealand City Ltd