By RNZ
Office vacancy has hit a record low in central Christchurch as businesses leave behind the suburbs - and more buildings are needed to cater for the demand.
Commercial real estate firm Colliers said office vacancy in the city was at 9.7 per cent, the lowest since the company began surveying the market in 1993.
It said demand from businesses wanting to move back into the central city - which was severely damaged in the earthquakes more than a decade ago - was fuelling the shortage.
Colliers Valuations and Advisory Services director Gary Sellars said businesses had continually moved back to the city centre over the past few years.