Per m2 the difference is even greater
Giving you an example in lower hutt wgton
A commercial building can be had for $850 m2 land and building whilst a residential you would need to pay about $3,800 m2.
Another example is in leasing
A residential one bedroom in Wellington typically leases for $400 m2 whilst a commercial typically $50 to $100 m2
Now people say residential will continue to grow faster than commercial
Giving you an example in lower hutt wgton
A commercial building can be had for $850 m2 land and building whilst a residential you would need to pay about $3,800 m2.
Another example is in leasing
A residential one bedroom in Wellington typically leases for $400 m2 whilst a commercial typically $50 to $100 m2
Now people say residential will continue to grow faster than commercial
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