News | Business
5 Aug 2021 5:56
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • 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


    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
     04 Aug: It's good news for the economy - but bad news for interest rates
     04 Aug: The latest unemployment figures are out and it's good news
     04 Aug: Air New Zealand's forecasting losses of up to 530-million-dollars next year, thanks to the suspension of the transtasman bubble
     04 Aug: MPI's worried about farmers battling a South Island feed shortage for farm animals
     04 Aug: The Reserve Bank's being accused of being behind the curve when it comes to reining in house prices
     04 Aug: There's surprise the Reserve Bank is looking to crack down on low deposit lending
     04 Aug: Police say young people are egging each other on, to commit crime around Hamilton businesses
     Top Stories

    RUGBY RUGBY
    The Wallabies are insisting they're more than up to the challenge of facing the All Blacks in consecutive Bledisloe Cup tests at Eden Park More...


    BUSINESS BUSINESS
    It's good news for the economy - but bad news for interest rates More...



     Today's News

    Living & Travel:
    Olympics highlights: Teenage skateboarders warm hearts worldwide, Australian sailing duo take gold 4:35

    Cycling:
    Track cyclist Aaron Gate must shake off a heart-wrenching loss to Australia in the bronze medal race of the men's team pursuit 4:35

    Basketball:
    Tokyo Olympics updates: Ash Moloney second halfway through decathlon, Peter Bol finishes fourth in 800m final 4:35

    Rugby:
    The Wallabies are insisting they're more than up to the challenge of facing the All Blacks in consecutive Bledisloe Cup tests at Eden Park 21:56

    Entertainment:
    Marc Jacobs shared the result of his facelift on social media as he doesn't "want to live life with shame" 21:34

    Entertainment:
    Kit Harington is happy he went to rehab after 'Game of Thrones' ended 21:04

    International:
    Radian's mother helped create Indonesia's portable ventilator. In a cruel twist of fate, she died from COVID-19 two weeks after her diagnosis 20:36

    Entertainment:
    Seth MacFarlane wishes 'Family Guy' was broadcast "on any other network" but Fox 20:34

    Entertainment:
    Felicity Jones admitted it was "scary" having a baby during lockdown 20:04

    General:
    Japanese skaters dominate, Sky Brown takes bronze and Aussies Poppy Olsen fifth in Olympic park final 19:46


     News Search






    Power Search


    © 2021 New Zealand City Ltd