The latest research from Christchurch Cityscope shows that commercial property sales in Christchurch’s CBD have decreased in the past three months. For the three months to March 2017 there were 6 sales at a total value of $62.6 million, compared to 15 sales at a total value of $72.6 million for the previous quarter.

The latest data brings the twelve-month sale total to $167.8 million, a decrease from the previous 12 months when sales totalled $173.1 million.

The table below shows sales recorded for the past eight updates of Christchurch Cityscope.

Christchurch Cityscope Quarterly Sales

Notable sales in the March 2017 update of Christchurch Cityscope include:

  • 32 Oxford Terrace, a five-storey office building with retail showrooms on the ground floor on a site of 1,721 sqm, which has been bought for over $39.1 million; and
  • 104 Victoria Street, a five-storey office building of glass, concrete and steel with parking for nine cars to the rear on a site of 1,415 sqm, which has been bought for about $18.9 million.

Properties listed as for sale in the March 2017 update of Christchurch Cityscope include:

  • AEQ House at 61 Cambridge Terrace, a four-level office building with car parking on paved land for about 13 cars on a site of 682 sqm, which is for sale by auction on 7th April 2017 through Bayleys; and
  • 26 Southwark Street, a two-level besser-brick office building with parking for about four cars on a site of 278 sqm, which is for sale by tender closing 12th April 2017 through JLL Christchurch.

Leasing opportunities listed in the March 2017 update of Christchurch Cityscope include:

  • 50 Manchester Street, a two-level concrete showroom with a single-level office section, which has office/showroom of 964 sqm available through Bayleys Canterbury Commercial; and
  • 299 Durham Street North, a four-storey office building, which has retail/office areas of 490 sqm and 252 sqm on ground level and 400 sqm to 832 sqm on level one available through NAI Harcourts Christchurch.

Commercial Research