industrial properties


PHOTO: SUPPLIED The premises of Panhead craft brewer in Upper Hutt are starkly industrial.

Craft breweries are proving a boon for commercial property owners in suburban locations where rents are often cheaper.

New Zealand has more craft brewers per head of population than Australia, the United States or Britain with more than 200 contributing to 10 per cent of the $2.3 billion a year beer industry.

While beer consumption is declining overall, craft beer is growing in popularity and tipplers are prepared to travel to their breweries.