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The commercial property market appears to be on a strong footing in the regions.
From his base in Hamilton, Mike Neale is well positioned to assist vendors and purchasers across the Waikato and Bay of Plenty.
Demand is pushing up prices, rents and leases, but supply is growing too. Coupled with growth in transport networks, this is highly promising for the Waikato and Bay of Plenty, Neale says.
“Hamilton was once the poor cousin in the Golden Triangle, but it’s firmly on the radar now.
“We’re seeing an increasing amount of investors from outside come in, from Auckland and Wellington particularly,” he says.
“Tauranga has been the golden child in many ways, with a more affluent population, but I think it’s evened out a lot more now.”
Neale is managing director of NAI Harcourts in Hamilton and has more than 20 years’ experience specialising in commercial real estate.
Overall, the commercial real estate market has been showing a return to good form, he says.
“There’s certainly a lot more interest in commercial property. It’s been driven by the lowering of the Official Cash Rate and particularly bank deposit rates.
“People are looking at other forms of investment so there have been significantly more inquiries and we’re certainly starting to see a rise in values.”

The opening of the glittering $80 million BNZ Theatre in downtown Hamilton this week has thrown into sharp contrast the state of many of the surrounding buildings in southern Victoria St.
It’s a diverse assembly of structures - some big, some tiny, some designated historic - in equally diverse condition.
The frontage of many are in inarguably bad shape, with broken windows, peeling paint, graffiti and lichen-covered awnings clashing with the pristine and ornately-decorated façades of their neighbours.
And whether there is an onus on local landlords and business owners to lift their game and make their businesses more presentable - or perhaps demolish them and build something more attractive in their place - has become a topic of debate.

Tax debt is increasing for businesses around the country. Now is the time to make sure your business is on top of things...
Economic uncertainty and the cost-of-living crisis have meant businesses across New Zealand have been doing it tough in recent times.
Inland Revenue says that around two thirds of all tax debt is owed by small business, sole traders and contractors.
As at June 2025 $3.3b was owing for GST – which is 15% higher than June 2024 whilst $2.0b was owing in Employer taxes which is 34% higher than in June 2024.
A significant portion of this is PAYE and GST, which should simply be passed on to Inland Revenue, so more work is being done now to get that money collected.
Inland Revenue has also significantly increased its investigations and auditing, focusing on those actively trying to avoid their taxes. These actions are sometimes prompted by tip-offs from various sources.
If you or your business are facing challenges with tax debt, it’s important to reach out to Inland Revenue early. Addressing the issue promptly can help you avoid further penalties and interest.
There are a range of options to help:
Inland Revenue has published easy to understand advice to help you get it right -https://www.ird.govt.nz/pages/campaigns/get-it-right
If you are newly in business check out Inland Revenues Free Business Seminars – available In-person and online across the country. Topics include: an Introduction to Business, GST, and Employers. You can book into a seminar on their website. https://www.ird.govt.nz
You can use your myIR account to make a payment by selecting the ‘Make a payment’ link for each overdue tax type, or go to https://www.ird.govt.nz/managing-my-tax/make-a-payment
And you can set up an instalment arrangement if you’re unable to pay the full amount: https://www.ird.govt.nz/managing-my-tax/make-a-payment/ways-of-paying/instalment-arrangements. You can also use myIR for this.
If you need to talk with Inland Revenue about your overdue returns or debt you can contact them by sending a message in MyIR or call on 0800 587 244.

Waikato shoppers had the tills ringing to the tune of $343 million in November, nearly four per cent higher than last year.
3.8% above the year earlier figure, according to data from card spending bean counters Worldline NZ.
According data from card spending agency Worldline NZ, Waikato’s 3.8 per cent increase made it one of only three of 18 locations that saw rises in spending. Others were West Coast up 6.3% to $32 million, 5.4% in Whanganui to $55 million and a 5% climb in Otago to $254 million.
The Waikato year-on-year rise also outstripped the nationwide figure of 1.1% to $4.1 billion.
When it comes to total November card spending, only three locations saw more money change hands than Waikato; Auckland/Northland at $1.5 billion, Canterbury at $502 million and Wellington - just - at $344 million.