The value of proven results.

MB Cook is Canterbury’s most established commercial and industrial real estate specialist. Our proven performance is underpinned by close to a century of experience and results.

At MB Cook we deliver the best possible outcome for owners and tenants in the commercial and industrial property sales and leasing market. We achieve this by working hard, tailoring our approach and negotiating prudently.

We are proud of our history, proud of our track record, and proud to be known as successful local specialists.

The value of a company
with ethics.

Our understanding of the commercial and industrial property market and our commitment to genuine service has set us apart since the beginning of the business in 1928. Working honestly and developing long-term relationships is what our reputation is built on.

Delivering true value is our focus. We partner with our clients to understand their needs, provide honest advice and feedback, and to secure the best deals and outcomes.

  • Understanding the market
  • Understanding your needs
  • Providing honest advice and feedback
  • Securing the best deals and outcomes

Market UpdateNovember 2021

Michael Campbell Commercial and Industrial Specialist

The Christchurch Commercial and Industrial property market remains in good shape as it heads to the end of 2021.

Despite Covid-19 in the mix, causing some hold ups and decision-making delays, the market has maintained good health.

Industrial Market

This segment of the market has continued to show consistent demand from both owner occupiers and investors alike as interest rates remain low and bank deposits yield little return. Good Industrial properties that are NBS strengthened and have good quality, long term leases in place are being snapped up in the market. Yields are generally in the 5 – 6.5% range, some dipping into the 4s.

Christchurch Industrial is tightly held by owner occupiers and investors with the result that it is difficult for buyers to enter the market and there are limited options to buy.

Good options for industrial land are available in the Belfast, Hornby and Rolleston areas for companies looking to expand into new design build properties. However, these options are becoming limited and in particular smaller lot sizes are beginning to dwindle.

Christchurch’s position as the second largest Industrial centre in New Zealand and the main distribution hub for the entire South Island presents a highly compelling proposition for property investors and forward-thinking companies alike.

Office Market

The office market has slowed up somewhat with downward pressure on rentals and incentives being offered to encourage tenants to commit to longer term leases. This has resulted in some great deals for tenants obtaining good quality office space with fit outs at very attractive rates.

With Covid-19 here to stay for the foreseeable future, a lot of tenants are reconsidering their requirements for office space. Working from home is now a reality and the new norm for a lot of companies and their employees on a weekly or monthly basis. Flexibility is the key to making the tenancy space work in a slightly different way whilst adjusting to this new environment.

We are fielding some enquiries from North Island based companies looking for South Island offices which represents good confidence in the market moving forward and is evidence that companies are looking to expand their base business.

If you are looking for an investment to buy or if you have a property to sell or lease, please contact MB Cook Ltd on 03 343 0600 and our experienced team of Commercial and Industrial specialists will be happy to assist you with all your property requirements. MB Cook Ltd was established in 1928 and we have qualified buyers and tenants looking for properties in the Christchurch market.

The value of real local knowledge.