In Wellington CBD, average value of commercial building is almost halved with a red or yellow sticker

17 Dec 2015 Leave a comment

by Jim Rose in economics of natural disasters, economics of regulation, politics - New Zealand, urban economics Tags: , ,

Within the Wellington CBD, the average value of a commercial building is almost halved if it receives a legally binding earthquake-prone declaration. Discounts on specific buildings will vary around this average level, reflecting a number of factors such as costs of remediation and the nature of existing rental agreements.

Source: Before a Fall: Impacts of Earthquake Regulation and Building Codes on the Commercial Building Market | Motu

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