Market Lens: NZ Tenant Health Index 2025

Strong fundamentals in an evolving market.

New Zealand’s tenant health metrics signal a market on stable footing, with collections above 98% and retention strengthening across key sectors.

The 11.5% rent-to-lease variance reflects a market balancing renewal competitiveness with income preservation. Industrial continues to outperform, retail rebounds sharply, and hospitality strengthens as demand normalises.

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Early signs of tenant stress or opportunity across your portfolio.
How your collection and retention performance compares to market benchmarks.
Insights to guide leasing, renewal, and investment decisions.
Clear indicators of portfolio strength to support investor and lender discussions.

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Key Findings Preview

Industrial continues to lead the market with 98.7% collection and 92.5% rent retention
Retail shows the biggest turnaround with a 10% surge in tenant retention
Rent retention rises to 87.1%, indicating landlords are securing income despite lease rollover pressure
Overall collection rates remain at 98.4%, only a marginal dip from 2023

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What you will find inside:

Exclusive Data
Proprietary tenant-performance insights across all major sectors in the UK, Australia, and New Zealand.
Clear Sector Dynamics
See how collection, retention, and rent resilience vary across hospitality & leisure, industrial, office, and retail.
Actionable Strategies
Guidance to strengthen cash flow, improve renewal outcomes, and protect portfolio value.