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Rent-Collection-Impact-Report-_-NZ

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NEW ZEALAND

COVID-19 Rent Collection Impact Report

COVID-19 Rent Collection Impact Report reflects real-time trends for commercial rent payments.

We are sharing this data to highlight the significant impact that COVID-19 has had on the commercial property market in New Zealand. We will be regularly updating this dataset to enable property professionals to benchmark their position, as well as providing relevant and accurate insights into the commercial property market during these uncertain and fast-moving times.

Explore the breakdown in commercial trends for:

1
Industrial
2
Retail
3
Office

Download the Report

Rent collected for commercial property leases in the first two days of April were only slightly less than expected, based on a two year average, but by the end of that week had fallen significantly behind. This report dives into the data and uncovers the live picture of rent collection and its impacts on the New Zealand commercial property market.

This report is based on anonymised and aggregated data from reconciled rent invoices raised by New Zealand commercial property clients with a 1st April due date. Collection rates in April are compared to a two year monthly average.

Data validation

This data has been collected, anonymised and aggregated from over 800 Re-Leased accounts. The data used in this report has been derived from operational outputs, rather than surveys or secondary collections. Re-Leased Software Company Ltd are confident in the validity of this data as its formation is a direct result of bank statements entries being matched and reconciled to rental invoices. All data that has been aggregated for this report is in line with the following Re-Leased Terms and Conditions as at the time of publishing.