An example of the new True Commercial heat map function.
The New Zealand Herald's commercial property website, True Commercial, has harnessed "heat map technology" to enhance the presentation of statistical data for commercial property in the first innovation of its kind for the New Zealand realty market.
The new heat map showcases the performance of commercial assets by category and by suburb across four key measurements
1. Capital Growth
2. Sale Price per sqm
3. Median Sale Price
4. Sale price to CV ratio
True Commercial users can access the feature via 'map view' and switch through their desired categories using search criteria.
Vikas Verma, NZME. Group Sales Manager, Real Estate, says the heat map means True Commercial simplifies and elucidates what's happening in the commercial property sector and makes it much easier for investors to make informed decisions.
"Commercial property is an exciting market with a lot of relevant information to consider. We understand how our customers buy, lease and invest in commercial property and we are always looking for ways to enhance that experience," he says.
The council has also been served with judicial review proceedings.