We buy off-market commercial property for you.
Stop chasing residential. We source, negotiate and settle income-producing commercial assets in your name. Book a free strategy call.
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633+ five-star Google reviews
As featured on
Why buy commercial in NZ right now?
Tenants pay the outgoings on long leases. Yields sit around 6.5% and rates are falling.
The cycle is turning
With the RBNZ cutting rates since 2024 and vacancy at record lows in key markets, we're early in the recovery. Buying before the crowd returns is where quality assets are secured on the best terms.
Income, not headaches
Commercial tenants typically cover rates, insurance and most outgoings, and sign long leases with built-in reviews. That means reliable, largely hands-off income compared with the constant management of residential.
The local edge
Most of the best deals never hit the open market. Our relationships with agents, valuers and vendors give you access, negotiating power and due diligence that's hard to replicate buying on your own.
Leases built for owners
NZ commercial leases usually include annual and CPI reviews, high outgoings recovery and long terms, producing predictable income and less operating risk over the life of the hold.
Build income, not workload
A well-chosen commercial asset pays dependable income year after year. Less management, more cash flow.
The cycle is turning
With the RBNZ cutting rates since 2024 and vacancy at record lows in key markets, we're early in the recovery. Buying before the crowd returns is where quality assets are secured on the best terms.
Income, not headaches
Commercial tenants typically cover rates, insurance and most outgoings, and sign long leases with built-in reviews. That means reliable, largely hands-off income compared with the constant management of residential.
The local edge
Most of the best deals never hit the open market. Our relationships with agents, valuers and vendors give you access, negotiating power and due diligence that's hard to replicate buying on your own.
Leases built for owners
NZ commercial leases usually include annual and CPI reviews, high outgoings recovery and long terms, producing predictable income and less operating risk over the life of the hold.
Build income, not workload
A well-chosen commercial asset pays dependable income year after year. Less management, more cash flow.
We find, negotiate and settle commercial property for you.
One team runs the whole deal. You just collect the rent.
Off-market deal flow
The best NZ commercial deals never get listed. We source them through our on-the-ground network.
We work for you, not the vendor
Independent, buy-side only. No conflicts. No sales agents pushing stock they need to move.
Numbers before you sign
Live comparable sales and leasing data on every deal, so you pay what it's worth, not what they're asking.
Full due diligence handled
Legal, building, financial and tenant DD stress-tested end-to-end before contracts are firm.
Income from day one
We only buy leased, income-producing assets. Rent lands in your account, not on your to-do list.
Track record, not talk
633+ five-star reviews. $2B+ acquired for our clients. Every deal comes with the numbers to back it.
Off-market deal flow
The best NZ commercial deals never get listed. We source them through our on-the-ground network.
We work for you, not the vendor
Independent, buy-side only. No conflicts. No sales agents pushing stock they need to move.
Numbers before you sign
Live comparable sales and leasing data on every deal, so you pay what it's worth, not what they're asking.
Full due diligence handled
Legal, building, financial and tenant DD stress-tested end-to-end before contracts are firm.
Income from day one
We only buy leased, income-producing assets. Rent lands in your account, not on your to-do list.
Track record, not talk
633+ five-star reviews. $2B+ acquired for our clients. Every deal comes with the numbers to back it.
The process
One call to start. One asset settled in your name.
Discovery call
We map your goals, budget and timeframe.
Source & evaluate
On and off-market assets, fully diligenced.
Negotiate & secure
Acquisition managed end-to-end.
Settle & grow
You own a quality, income-producing asset.
Discovery call
We map your goals, budget and timeframe.
Source & evaluate
On and off-market assets, fully diligenced.
Negotiate & secure
Acquisition managed end-to-end.
Settle & grow
You own a quality, income-producing asset.
Every deal passes these checks
Legal & title
CheckedTitles, zoning, contracts and compliance reviewed.
Building & condition
CheckedStructural, seismic and capital-expenditure risks assessed.
Financial & returns
CheckedNet income, outgoings recovery and yield verified.
Tenant & lease
CheckedCovenant strength, WALE and review structure checked.
Legal & title
CheckedTitles, zoning, contracts and compliance reviewed.
Building & condition
CheckedStructural, seismic and capital-expenditure risks assessed.
Financial & returns
CheckedNet income, outgoings recovery and yield verified.
Tenant & lease
CheckedCovenant strength, WALE and review structure checked.
Trusted by hundreds of investors
Based on 633+ Google reviews
Your work in sourcing the Forrestdale property has paid exceptional dividends. We've seen an annual rent increase of $35,000 and an uplift in the asset value of around $700,000 in just 20 months. Unreal result. I'll be in touch mid next year to go again.
Unbelievable valuation. $1.6M and we signed a new 3+3 lease with market rent review at 3 years, now getting $140 sqm. Valuation has doubled from our purchase price 3 years ago.
We've used a few buyers agents before, but our experience with you was honestly second to none. Really appreciate how smooth you made the whole process.
Your team were great to deal with. They made the process very simple and reassuring. Thanks to Liam, Matt, Belinda and Letitia for answering every query I had. The portfolio's starting to take shape.
Thank you for helping me purchase my first investment property, especially Matt who was available the whole time and acted swiftly. I would still be looking at listings right now if I hadn't engaged Palise Property.
I truly appreciate all your work, especially advocating on my behalf with legal and financial matters. Your support made what could have been a stressful experience so much more manageable, and your guidance has been invaluable.
Really happy with the service. You've all been great to work with, super responsive, and just easy to deal with overall. Looking forward to the next one.
Hopefully the first of many. Having the team involved made navigating the bumps a lot easier. Matt was consistently helpful and Angela's intro calls were smooth and full of valuable information. You have a great team.
Thank you so much. I appreciate your hard work and I'm looking forward to working with you all on the next one. You are all incredible.
Your work in sourcing the Forrestdale property has paid exceptional dividends. We've seen an annual rent increase of $35,000 and an uplift in the asset value of around $700,000 in just 20 months. Unreal result. I'll be in touch mid next year to go again.
Unbelievable valuation. $1.6M and we signed a new 3+3 lease with market rent review at 3 years, now getting $140 sqm. Valuation has doubled from our purchase price 3 years ago.
We've used a few buyers agents before, but our experience with you was honestly second to none. Really appreciate how smooth you made the whole process.
Your team were great to deal with. They made the process very simple and reassuring. Thanks to Liam, Matt, Belinda and Letitia for answering every query I had. The portfolio's starting to take shape.
Thank you for helping me purchase my first investment property, especially Matt who was available the whole time and acted swiftly. I would still be looking at listings right now if I hadn't engaged Palise Property.
I truly appreciate all your work, especially advocating on my behalf with legal and financial matters. Your support made what could have been a stressful experience so much more manageable, and your guidance has been invaluable.
Really happy with the service. You've all been great to work with, super responsive, and just easy to deal with overall. Looking forward to the next one.
Hopefully the first of many. Having the team involved made navigating the bumps a lot easier. Matt was consistently helpful and Angela's intro calls were smooth and full of valuable information. You have a great team.
Thank you so much. I appreciate your hard work and I'm looking forward to working with you all on the next one. You are all incredible.
Representative of feedback from Palise Property clients. Full reviews are available on Google.
The numbers that make the case
Yields, vacancy and the recovery already underway.
Off-market access
deals most buyers never see
Independent advice
we act for you, never the vendor
Strong yields
avg prime commercial yield
Early in the cycle
RBNZ cuts since '24
Passive income
tenants cover most outgoings
Evidence-based
comparable sales & leasing
Off-market access
deals most buyers never see
Independent advice
we act for you, never the vendor
Strong yields
avg prime commercial yield
Early in the cycle
RBNZ cuts since '24
Passive income
tenants cover most outgoings
Evidence-based
comparable sales & leasing
Where we buy and what it pays
Auckland, Christchurch and Wellington, and what each pays.
Auckland
prime industrial vacancy
Christchurch
prime industrial vacancy
Wellington
prime industrial vacancy
Auckland
prime industrial vacancy
Christchurch
prime industrial vacancy
Wellington
prime industrial vacancy
Auckland prime yields by sector
Indicative prime yields across Auckland commercial sectors.
Industrial & Logistics
Tight vacancy, long leases
Neighbourhood Retail
Convenience-anchored strips
Medical
Long WALEs, essential tenants
Childcare
25–30yr occupancy, CPI reviews
Industrial & Logistics
Tight vacancy, long leases
Neighbourhood Retail
Convenience-anchored strips
Medical
Long WALEs, essential tenants
Childcare
25–30yr occupancy, CPI reviews
Deals we've settled in New Zealand
Three recent settlements for Palise Property clients, all in Auckland. All figures are in New Zealand dollars.
Large format retailPenrose
Auckland
- Purchase price
- NZ$2,900,000
- Net rent
- NZ$176,250 p.a.
- Tenant
- Auckland City Honda
- Lease
- 6 years, 3% annual increases
Retail / showroomWestgate
Auckland
- Purchase price
- NZ$3,000,000
- Net rent
- NZ$175,000 p.a.
- Tenant
- Jaycar
- Lease
- 6 years + two 5-year renewals
IndustrialTakanini
Auckland
- Purchase price
- NZ$1,950,000
- Net rent
- NZ$150,000 p.a.
- Tenant
- Established food-industry operator
- Lease
- 5 years + one 5-year renewal
Large format retailPenrose
Auckland
- Purchase price
- NZ$2,900,000
- Net rent
- NZ$176,250 p.a.
- Tenant
- Auckland City Honda
- Lease
- 6 years, 3% annual increases
Retail / showroomWestgate
Auckland
- Purchase price
- NZ$3,000,000
- Net rent
- NZ$175,000 p.a.
- Tenant
- Jaycar
- Lease
- 6 years + two 5-year renewals
IndustrialTakanini
Auckland
- Purchase price
- NZ$1,950,000
- Net rent
- NZ$150,000 p.a.
- Tenant
- Established food-industry operator
- Lease
- 5 years + one 5-year renewal
Figures are approximate and provided as a guide only. Past settlements are not an indicator of future performance.
2026 / 27Market Outlook
New
Zealand
Commercial
Property
Free NZ commercial market outlook
A visual, data-led snapshot of where the market is heading. The same research we use to guide investors, yours to download free.
- GDP rebound and RBNZ rate-cut trajectory
- Sector cap rates and prime yields
- Record-low industrial vacancy data
- The six markets to watch
Real words from real investors
Actual emails and texts from clients we've worked with. Names and identifying details are redacted for privacy.
Trusted advisors for serious investors
Palise Property is a nationwide buyers agency specialising in sourcing and acquiring high-quality commercial and residential property investments for our clients across Australia and New Zealand.
Our experienced team, led by expert and sought-after industry figure Steve Palise, are dedicated to helping investors achieve their financial goals through strategic property acquisitions.
Frequently asked questions
Book your free strategy call
Free 30-minute strategy call with a senior acquisitions specialist. Prefer to read first? Grab the 2027 market report.