There was a sharp rise in the value of building consents issued for new industrial buildings in Auckland in the second quarter of this year, but an equally sharp decline in Canterbury.
According to Statistics NZ, building consents were issued for $94.8 million of new industrial buildings in Auckland in the June Quarter, up 66% compared to the first quarter of this year and more than double the $44.6m of new industrial buildings consented in the second quarter of last year (refer table).
Just over $67 million of that was for storage buildings and the remainder was for factories
Conversely, consents for new Auckland office buildings dropped sharply to $17.3 million in the June quarter, from $57.1 million in the first quarter and $44.6 million in the June quarter of last year.
In Canterbury the value of consents being issued for most types of new commercial buildings has been in decline since the middle of last year (refer table), although the value of new work being consented remains substantial, with the combined value of new office, industrial, retail and hospitality buildings consented in Canterbury in the June quarter totaling $175.5 million.
The Wellington market remains subdued with only $20.2 million of consents issued for new commercial buildings in the June quarter.
| Value of New Commercial Building Consents in Auckland, Wellington and Canterbury | ||||||
| Auckland Region | ||||||
| Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | Q1 2015 | Q2 2015 | |
| Hotels, motels, and other short-term accommodation | $925,450 | $6,645,000 | $4,060,000 | $10,780,000 | $8,180,000 | $11,400,000 |
| Shops, restaurants, and bars | $31,758,000 | $90,027,685 | $34,305,999 | $43,965,000 | $31,079,745 | $38,405,526 |
| Office, administration, and public transport buildings | $85,382,176 | $18,627,600 | $42,425,000 | $81,218,000 | $50,369,912 | $17,315,100 |
| Factories, industrial, and storage buildings | $46,242,470 | $44,621,100 | $76,026,843 | $40,455,339 | $57,126,499 | $94,798,699 |
| Wellington Region | ||||||
| Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | Q1 2015 | Q2 2015 | |
| Hotels, motels, and other short-term accommodation | $6,730,000 | $8,076,000 | $125,000 | $118,900 | $7,537 | $107,507 |
| Shops, restaurants, and bars | $1,725,000 | $3,000,000 | $1,775,000 | $240,000 | $1,685,000 | $3,495,000 |
| Office, administration, and public transport buildings | $31,194,000 | $860,499 | $25,147,828 | $0 | $650,000 | $8,331,500 |
| Factories, industrial, and storage buildings | $2,733,000 | $4,194,400 | $1,616,096 | $5,030,747 | $431,360 | $8,306,000 |
| Canterbury Region | ||||||
| Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | Q1 2015 | Q2 2015 | |
| Hotels, motels, and other short-term accommodation | $9,608,000 | $4,020,000 | $1,258,000 | $8,972,000 | $4,043,200 | $9,350,100 |
| Shops, restaurants, and bars | $13,962,000 | $33,102,740 | $63,635,000 | $39,542,077 | $12,131,952 | $23,349,000 |
| Office, administration, and public transport buildings | $98,051,815 | $140,045,227 | $130,046,656 | $117,746,002 | $114,193,250 | $97,006,500 |
| Factories, industrial, and storage buildings | $57,695,250 | $47,754,250 | $62,047,248 | $64,172,087 | $99,571,186 | $45,800,981 |
| Source: Statistics NZ | ||||||
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