PHOTO: The bulk of commercial property was sold in Auckland. Photo: rnz

The commercial property market is having its strongest showing in nearly five years with strong demand from overseas investors for high-yielding real estate.

Real estate agency CBRE’s latest Marketview report shows investors buying $2.9 billion worth of property, more than half of which was office space, with most deals being done in Auckland.

CBRE executive chairman Brent McGregor said the New Zealand market was active and attractive, with a mix of institutions and private investors buying.

 

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