• Caution prevails in the Wellington commercial property market, with some deals on ice as buyers ask for more time to get detailed earthquake assessments.

Meanwhile, businesses are looking far and wide across the Wellington region for seismically sound accommodation while their buildings are closed.

“It’s been frantic,” Colliers Wellington’s executive director of commercial leasing, Jim Pinson, said.

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ROSS GIBLIN
Wellington seen from the air after the 7.8 quake. The skyline’s unchanged – but there are cracks beneath the surface.