Since the first day of Level 2, I have been surprised by the amount of enquiry and activity, and good quality listings are being well received. I have noticed very little change in regard to receiving offers on investment properties and lease tenancies from before the first wave of COVID-19, although this may change in the coming months.
With the impact of COVID-19 in 2020, what is the new normal for the economy and more importantly for our commercial and rural property? This is something that we are all trying to understand and navigate and something that only time will reveal!
Consider the existing and new long-term fundamentals now in play for the commercial property section, what will happen to commercial properties in NZ? Economist Tony Alexander discusses.