PMG | THINKBOOK
COMMERCIAL PROPERTY
WHERE’S COMMERCIAL PROPERTY HEADING in 2020 and beyond?
BY: SCOTT McKENZIE, CEO of PMG
I write this as we move into the second half of 2020, while the world continues to fight an invisible enemy that knows no borders. On the face of it, New Zealand appears to be faring well, however, the next six to 12 months will be judged by the Government and the nation’s ability to withhold through the pandemic, both from a health and economic perspective. There has been much commentary out there about how the health and corresponding economic crisis will impact commercial property in New Zealand; many have been less than glossy. With the benefit of being three months into ‘the new norm’ I can say the commercial property sector is holding up pretty well. This is thanks to the NZ economy and the commercial property
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