Latest Insights for the city centre

Each quarter, we delve into the latest data for Auckland's city centre. Find out about what’s happening with our spend, foot traffic and accommodation occupancy data, as well as new business news and leasing insights. 
 

The impact of the cost of living can be seen in our latest quarter’s results with reduced domestic spending contributing to an overall flat result (-0.4% vs STLY). The international spending dollar, always highly valued here, was of particular importance over the quarter, bringing in 31% of spending – and the highest it’s been over the last five years. Our Chief Executive Viv Beck discussed the importance of international tourism with RNZ's Corin Dann off the back of these results.

Events were also beneficial. P!NK’s sold-out Auckland show on Friday, 8 March was the highest day of spend in the quarter, hitting $6.5 million. Results like this highlight why Viv described events as “critical” to revitalising the city centre in an op-ed for the New Zealand Herald.

Whilst the current trading environment is challenging for many, the city centre overall is nevertheless trading comparatively well against other areas, and confidence is also evident with retail and office vacancies hitting their lowest rates since 2021 – a slow but sure improvement - at 10.4% and 12.2% respectively (Colliers).

New eateries and pop-ups continue to open, giving fresh reasons to visit the city centre.

Read more here...

Insights from previous quarters:
December 2023
September 2023
June 2023
March 2023
December 2022
October 2022