PHOTO: Photo: RNZ / Tracy Neal
Demand for commercial property is booming in Nelson, with a shortage of industrial land.
About 60 would-be buyers recently vied for just 10 prime industrial development sites in a new subdivision, with sites fetching a total of $25 million in unconditional sales in less than a month.
Nelson-based Colliers commercial broker Geoff Faulkner said businesses were clamouring for bare land on which to build premises for a variety of uses, including agriculture, aquaculture, construction, logistics and engineering.
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