HAMILTON’S CBD
Transcript of HAMILTON’S CBD
HAMILTON’S CBDThe Waikato and Hamilton’s premier business, entertainment and shopping precinct – the CBD is home to 1200 business and property owners.Hamilton CBD is around 12 city blocks from north to south and four blocks east to west in the heart of the city. The CBD is also bordered by the world-renowed Seddon Park cricket ground, the premier rugby, league and football ground of Waikato Stadium, Waikato Institute of Technology’s (Wintec) central campus and the Waikato River.
COMPETITIVE LOCATIONHamilton is strategically situated between the two main sea ports of Auckland and Tauranga and is just over an hour away from New Zealand’s main international airport.
The city is serviced with a railway station just a few minutes from the CBD and a modern international standard airport 15 minutes south.
CBD AMENITIES• Diverse hospitality and vibrant night scene
• Free WIFI throughout the CBD
• Established trees and green spaces
• River walks
• Public squares including: Garden Place, Civic Square and PWC Plaza
• Ample on and off street parking with electronic parking systems
• Wide footpaths and street art
• Flat easy access with everything a short walk away
• Shared spaces to make the CBD a family and business friendly environment; eg café dining /pedestrians and vehicle/pedestrian shared spaces
• Pedestrian “wayfinding” signs throughout the CBD and fringes
• Free inner city bus shuttle and bus interchange centre
• Strong arts and culture make up with the Waikato Museum, Arts Post and theatres
• Central library
• High quality shopping - from malls to boutiques
QUALITY ACCOMMODATIONThe CBD has a range of living options which includes gracious older homes alongside modern townhouses and apartments. Visitors are well catered for in the eight inner city hotels/short-term apartments, including international standard hotels and a variety of motels on the CBD fringes.
There are 529 cbd hotel rooms 75% of which are rated 4 star or greater.
GEOGRAPHIC LOCATION TO OTHER MAJOR CITIES
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Approximate journey timesfrom Hamilton City Centre
Morinsville
Thames
Whitianga
Coromandel
Auckland
Hamilton
Te Awamutu
Rotorua
Tauranga
Taupo
Raglan
127 km, 1hr 40 m
in drive
105 km, 1hr 30 min drive
105 km, 1hr 30 min drive
155 km, 2 hr drive
Cambridge
CBD ART AND CULTUREThe CBD is the heart of the art’s precinct. Hamilton’s vibrant artistic community has a long tradition encompassing and embracing the performing, visual and fine arts, and various crafts. It has many well established amateur and semi-professional arts organisations with Creative Waikato supporting the development of the creative arts in the Waikato. Hamilton has various public art facilities, which are the Founders, Meteor and Clarence Street Theatres, and the Waikato Art Museum; all ensure that ‘arts and culture’ are part of our everyday experience. The Arts Agenda aims to raise the profile and development of Hamilton’s identity through the development of more public art in the city.
HAMILTON CENTRAL BUSINESS DISTRICT PG. 2
PROFESSIONAL & SOCIAL PRECINCTS
CBD OFFICE ACCOMMODATIONThere’s approximately 250,000 sq m of office accommodation with a vacancy rate of around 8.6%.
Add to that another 15,157 sq m that is currently being built and a further 8,340 sq m planned for construction in the near future. A new six - eight storey office block is also being considered for the CBD as well as other smaller office accommodation blocks currently planned and under construction. Grades of building stock in the CBD – A & B - 17%, C - 40%
Administration and supportive services3%
Accommodation and food services1%
Other remaining categories8%
Vacant9%
Public administration and safety17%
Health care and social assistance13%
Professional, scientific and technical services26%
Financial and insurance services11%
Education and training4%
Rental, hiring and real estate4%
Information media and telecommunication services4%
DISTRIBUTION OF CBD OFFICE SPACE BY BUSINESS SECTOR
3%
8%
9%
26%
17%
13%
11%
4%
4%
4%
1%
A CBD BEING RESHAPED
The CBD has quality companies and smart thinkers underpinning its success. Companies like Beca, Craigs Investment Partners, Deloittes, KPMG, Price Waterhouse Coopers, Tompkins Wake and Fonterra are active in the CBD.
Tertiary education is represented with Waikato’s largest tertiary Polytechnic – with 20,000 Wintec students in the heart of the CBD. Hamilton City Council, with approximately 400 centrally located staff they are also a large component of Hamilton’s CBD.
Quality accommodation is a strong feature of the CBD, with Kingsgate Hotel to the north and the Tauinui owned Novotel and Ibis in the heart of the CBD.
The Waikato Chamber of Commerce and the Hamilton Central Business Association are key to our CBD’s success. The Chamber of Commerce is driven to be an advocate for the city, it enters into business promotion and supports events. The Hamilton Central Business Association is a staunch promoter of the CBD and its core is to promote and project the CBD as the place to be seen and for people to undertake and engage in their business and retailing needs.
Sky City casino is also a key investor and supporter of the CBD as well as Kiwi Income Properties, which has recently invested $40 million into the redevelopment of the Centre Place Mall.
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TransportCentre
MedicalMedical Arts &CultureArts &Culture
ProfessionalProfessionalServicesServices
Free Shuttle Bus
TransportTransport
FoundersTheatreFoundersTheatre
WaikatoStadiumWaikatoStadium
SeddonParkSeddonPark ClaudelandsClaudelands
FashionFashion
HospitaltityHospitaltity
RetailRetail
FreeWiFiFreeWiFi
10 min walk
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HAMILTON CENTRAL BUSINESS DISTRICT PG. 3
HAMILTON BY NUMBERS
HAMILTON’S YOUTHFUL POPULATION
48% of the population is under 30 years of age. National average is 42%
48% Only 9.2% over 65 years. National average is 12.3%
9.2% 15-30 year age group = 26.4% in Hamilton. National average is 20.2%
26.4%
Hamilton is New Zealand’s fourth largest city
Hamilton has 145 substantial parks and gardens
4th
145Hamilton has 63 sporting areas
63Hamilton has a population of about 150,000 people
Hamilton has a proud history of sporting success.There are phenomenal sporting venues in Hamilton, including the 25,800 person capacity Waikato Stadium
150,000
25,800
Hamilton’s population is increasing by about 2500 per year
2500There are 40,000 tertiary students in Hamilton
40,000Wintec (Waikato polytechnic) is in the heart of the CBD and has 20,000 students
20,000
Combined with nearby Frankton and Hospital zone, about 50% of the city’s employment is within very close proximity of the CBD
CBD RETAIL PRECINCT
By far the largest employment zone in Hamilton with 15,200+ employees, equalling 28% of Hamilton’s workforce
28% 50%Accounts for 50% of Hamilton’s overall retail spend and about half of all shoppers are from outside of Hamilton
50%Approximately 510 retail businesses trading from 179,000 sqm
510Hamilton has 4,850 parking spaces
4,850Retail sales are around $755 million a year
$775
HAMILTON CENTRAL BUSINESS DISTRICT PG. 4
WEATHER
Temperature Sunshine Hours Wind Speed
HAMILTON23.9 January 229 January 10 km/h January
6.5 June 112 June 8 km/h June
AUCKLAND23.1 January 228 January 12 km/ January
8.1 June 110 June 12 km/h June
WELLINGTON20.3 January 246 January 28 km/h January
7.2 June 99 June 29 km/h June
DOMESTIC ACCOMMODATION STATSThese prices are for inner city
Accommodation CBD Rental 1br Bathrooms Apartment
Rental 2br Apartment
For sale 3br + 2 bathrooms Apartment
HAMILTON $200- $300 per week $320-$480 per week $410k-$700kRates: $1,400-$2,700 (approx)
AUCKLAND $375 - $700 per week $450 - $1000+ per week $415k - $3M+Rates: $1,400-$2,700 (approx)
WELLINGTON $360 - $530 per week $410 - $1000+ per week $415k - $3M+Rates: $1,400-$2,700 (approx)
DISTANCESThese distances show Hamilton’s central location as New Zealand’s premier logistics hub
Hamilton CBD to Time to Travel
HAMILTON AIRPORT 15 kms 20m
AUCKLAND AIRPORT 117 kms 1 hr 20m
AUCKLAND CBD AND PORT 127 kms 1hr 34m
TAURANGA PORT 110kms 1hr 30m
NEW PLYMOUTH 240kms 2 hrs 55m
CBD OFFICE AND RETAILRental and sale prices:
CBD Office 100-200sqm CBD Retail 100-200sqm
HAMILTON HAMILTON
LeaseFor Sale
$18k - $55k$300k – $550k
LeaseFor Sale
$18k - $40k$220k - $420k
AUCKLAND AUCKLAND
LeaseFor sale
$26k - $98k$340k - $600k
LeaseFor sale
$60k - $129k$426k - $660k
HAMILTON DAYCARE FEES COMPARED(Note does not include Government subsidies)
Daycare Fees (Approx $) Infants Toddlers – 5yrs
HAMILTON CBD
Half day: $37Day: $62Weekly: $240$10,560 per annum (44 wks)
Half day: $36Day: $60Weekly: $235$10,340 per annum (44 wks)
AUCKLAND CBD
Half day: $50Day: $85Weekly: $425$18,700 per annum (44 wks)
Half day: $39Day: $78Weekly: $390$16,700 per annum (44 wks)
SAVINGS PER ANNUM BY LOCATING IN HAMILTON $8,140 $6,360
www.hamilton.govt.nz | www.hamiltoncentral.co.nz | www.waikatochamber.co.nz
HAMILTON CBD’S VALUE PROPOSITION
• Competitive location
• Professional offices and companies
• 20,000 Wintec students
• Easy access to the CBD
• Skilled workers
• River walks/parks
• Flat typography
• Excellent cafes/bars
• Great transport network
• Vibrant art scene
• Free WIFI
• Ultrafast broadband
• Ample affordable parking
CBD VALUE
PARKING PRICES Car parking prices per day in Hamilton compared to Auckland
CBD Parking Prices Airport Prices
HAMILTON CBD $8 a day$40 a week$1,920 a year
HAMILTON DailyMonthly ParkingTaxi Fare CBD to Airport
$20$95 (Maximum)$45
AUCKLAND CBD $16 a day$80 a week$3,840 year
AUCKLAND DailyMonthly ParkingTaxi Fare CBD to Airport
$39$423$80
*Note there are carparks in the CBD for $6.00 a day
For latest prices please check the websites of Hamilton’s leading Commercial Property Agents.