The Ahuriri suburb increasingly offers a "vibrancy alternative" to Napier city-centre offices and Havelock North is having similar effects for Hastings, a new report says.
The latest commercial property report for Hawke's Bay from independent property strategists Turley & Co, which provides an overview of the industrial, retail and office commercial property sectors over the second half of 2017, said the vibrancy offered by mixed-use facilities in Ahuriri and Havelock North was a key point behind the development of both suburbs.
"The [Ahuriri] quayside suburb is attracting government agencies and various professional services, and has over decades progressively transformed from an inner-harbour industrial heartland.
"The vibrancy of mixed use including popular bars, restaurants and apartments, has attracted Napier CBD tenants. A similar dynamic is occurring for Havelock North, with competitive effects for Hastings' CBD office sector and city centre."
The Hawke's Bay's office sector has seen "considerable development" over the past three to four years, the report said.