We buy low-risk commercial property for you.
Stop chasing residential. We source, negotiate and settle income-producing commercial assets in your name. Book a free strategy call.
Is commercial property right for you?
Most investors never look past residential. We'll talk through your goals, your budget, and whether commercial property is the right fit.
700+ five-star Google reviews
260+ Media Features Including:
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.
Steve Palise, founder of Palise Property · Meet the full team
The mind behind Palise Property
Steve Palise built a property portfolio large enough to leave the workforce before he turned 30. Today he leads Palise Property, a nationwide buyers agency specialising in commercial and residential property investments for clients across Australia and New Zealand.
Before property, Steve was a chartered mechanical and structural design engineer. That analytical mindset now drives every acquisition: property is a numbers game, and the maths has to stack up before a recommendation is made.
Steve has secured 2,000+ properties for clients in every Australian capital city and all major regional towns, and is a recognised industry educator with FREE property courses, books, a podcast, videos, tools and calculators available to the public.
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
700+ 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
700+ 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
A conversation where you share your current position, your life and investment plans.
Strategy
Together, we'll build a plan that will meet your long term property goals.
Search
Using our industry relationships, we'll source on and off-market deals across our network.
Due diligence
Feel confident knowing our team stress-tests every deal to minimise risks and make informed decisions.
Negotiation and settlement
We'll negotiate the best possible price so you don't overpay, and provide full settlement support.
Post-settlement
Our relationship doesn't end here. We stay connected to ensure all is running smoothly and find your next investment opportunity.
Discovery call
A conversation where you share your current position, your life and investment plans.
Strategy
Together, we'll build a plan that will meet your long term property goals.
Search
Using our industry relationships, we'll source on and off-market deals across our network.
Due diligence
Feel confident knowing our team stress-tests every deal to minimise risks and make informed decisions.
Negotiation and settlement
We'll negotiate the best possible price so you don't overpay, and provide full settlement support.
Post-settlement
Our relationship doesn't end here. We stay connected to ensure all is running smoothly and find your next investment opportunity.
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 700+ 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 facts
Off-market access, independent advice, strong yields, tight vacancy and a 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
since 2024
Passive income
tenants cover most outgoings
Tight vacancy
industrial vacancy rates
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
since 2024
Passive income
tenants cover most outgoings
Tight vacancy
industrial vacancy rates
Where we buy and what it pays
Auckland, Queenstown, Wellington and Christchurch.
Auckland
industrial & retail
Queenstown
tourism & essential retail
Wellington
industrial & office
Christchurch
industrial & logistics
Auckland
industrial & retail
Queenstown
tourism & essential retail
Wellington
industrial & office
Christchurch
industrial & logistics
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
See the type of deals available in NZ
Three New Zealand commercial properties that have sold, to show the kind of assets and yields on offer. All figures are in New Zealand dollars.
IndustrialHornby
Christchurch
- Sale price
- NZ$4.1M
- Size
- 1,400 sqm
IndustrialRolleston
Christchurch
- Sale price
- NZ$4.4M
- Size
- 2,385 sqm
RetailOtahuhu
Auckland
- Sale price
- NZ$1.83M
- Size
- 525 sqm
IndustrialHornby
Christchurch
- Sale price
- NZ$4.1M
- Size
- 1,400 sqm
IndustrialRolleston
Christchurch
- Sale price
- NZ$4.4M
- Size
- 2,385 sqm
RetailOtahuhu
Auckland
- Sale price
- NZ$1.83M
- Size
- 525 sqm
Figures are approximate and provided as a guide only. These properties have sold and are not available to buy. Past sales 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 investors, real results
Hear directly from investors who have built serious portfolios with Palise Property.
From property sceptic to $6.5M+ portfolio in 4 years
One deal added $500k equity + $20k cash flow in 2 years
A Macca's manager built a $10M portfolio before turning 30
A solo mum added $300k passive income with one property
A Lego side hustle turned into a $1M portfolio in 2 years
Frequently asked questions
Have another question about commercial investing in New Zealand? Contact us.
Book your free strategy call
Free 15-minute strategy call with a senior acquisition specialist. Prefer to read first? Grab the 2027 market report.