Executive Summary
COMMERCIAL AND INDUSTRIAL DEVELOPMENT
79,000m2
UP
1%
ON 2020
new commercial and industrial floor area consented
Area of non-residential development Source: Hamilton City Council
Economy
The pandemic has created a lot of economic uncertainty and business confidence has reached its lowest level since the Global Financial Crisis. It is unsurprising that commercial and industrial consenting has been hard hit in 2020 and 2021 as businesses held off making major investment decisions.
Introduction
Consenting trends
Industrial
Commercial
Square metres
Housing
160,000 140,000 120,000 100,000 80,000
Commercial
60,000 40,000 20,000 0 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
People
In 2021 there were nearly 79,000m2 of new floor area consented across both commercial and industrial developments, similar to the 78,000m2 consented in 2020 but well below the average of 105,000m2 between 2012 and 2019. The total value of the new developments consented in 2021 was $196 million, down 17% on 2020 but above the 10-year average of $149 million each year. The value of commercial development was $135 million compared to $61 million of industrial development.
Hamilton City Council - 2021 Hamilton Annual Economic Report
Central City
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