NAI Harcourts New Zealand says the success of its parent entity NAI Global in securing a place as one of the world’s top five commercial real estate brands reflects its strength and quality at a time of uncertainty.
When selling a business, it is important that any statements regarding the business are accurate. Generally, a statement as to possible future events is regarded as being an opinion, which is not typically actionable if it turns out to be incorrect. However, in some circumstances an opinion can amount to a negligent misrepresentation. The following is a case example.
Our commercial teams across the country are experiencing positive market conditions and good demand for product, with the markets attributing more risk to retail, hospitality and office as opposed to the industrial sector.
To answer this question, we first need to look at some of the key influences that are likely to shape commercial property markets in New Zealand.
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!
New York, NY – April 30, 2020: The Coronavirus is impacting global property markets with equal severity to what is happening in the U.S. this spring. The greatest disruptions, again like the U.S., have been in resort and hospitality sectors, retail real estate, commercial office and to a lesser extent, industrial properties.