New commercial listings edged up in March, with 446 properties brought to market across New Zealand, up 3.5% year-on-year and 0.5% month-on-month. The uplift was driven by a significant rise in office and retail activity, with new listings in these sectors up 42.6% and 42.3% respectively. In contrast, industrial and land declined, with new listings in both categories down by more than 10%.  

In Auckland, listings were up 7.7% year-on-year, although listing activity eased 4% compared to a strong month in February.  

Total commercial stock reached 3,575 listings during March. This is the highest level recorded over the past 12 months since realestate.co.nz tracking began in March 2025. High stock levels indicate sales momentum is not currently keeping up with new listings numbers but is providing investors with a broad range of opportunities across asset classes. 

The national average asking price across all asset classes was $3,239,779 in March, down 16.1% year-on-year. Although it’s important to note the diversity of property types contributing towards this average.  

realestate.co.nz data shows buyer engagement strengthened noticeably during the month. Commercial search activity reached its highest level in the past 12 months, with property seekers in the commercial category up by more than 50% compared to last March. While this was supported in part by the listing of high-profile assets during the month, it also points to growing interest in the commercial property sector more broadly. 

Together, the data indicates a market that is becoming more active, driven by both expanding inventory and rising engagement. 

For media enquiries, please contact:

Hannah Franklin | hannah@realestate.co.nz