Skip to main content

The city centre: will she really be right?


Author:  
Auckland Council Chief Economist, Shyamal Maharaj, David Norman
Source:  
Auckland Council Chief Economist
Publication date:  
2020
Topics:  
People

Extract:

  • The city centre has been hit harder than many other parts of Auckland by the effects of the COVID-19 pandemic.
  • Watching what happens in the city’s commercial property market has traditionally been a useful bellwether for the wider economy.
  • Three key drivers of the commercial property market – occupancy, investment, and construction – all face risks that provide insights into the economy at large.
  • COVID-19 has massive implications for the future of our city centre, but it has also revealed a need to revisit the role the city centre plays in how we work, live and play.
  • Importantly, the private sector, central and local government will need to play their part in overcoming the challenges that have been accelerated by COVID-19.

September 2020