Business Happenings

 

A lot happening in 2010

 

By Cameron Brewer

 

February 2010

 

Newmarket is at an exciting time in its history. We've got a brand new $35m rail station, Lumsden Green and Osborne Streets are being upgraded, and Broadway had $6m spent on it a couple of years ago. Overhead, we've also got a $215m motorway viaduct replacement project in full swing. When it's finished we'll see some great urban development and renewal down that end of Broadway.

Westfield also has big plans for Broadway between Mortimer Pass and Clovernook Road. Their proposed expansion will include 100 more shops, cinemas, and a restaurant precinct. The proposed three-level development, including 29,000 square metres of retail activity, will be linked to the 277 shopping centre by a two-level pedestrian air-bridge. 

 

After over 150 years of brewing in Newmarket, Lion Nathan is set to move out, vacating 5.2 hectares on Khyber Pass Road which will be redeveloped as a high-end mixed-use site. 

 

Any business in central Newmarket is automatically a member of the Newmarket Business Association, and that includes people taking out a sub-lease. Membership is paid through rates. We encourage all our retail, commercial and property owner members to get involved. We have great networking nights and are always keen to promote businesses' news and views, as well as Newmarket as 'The Fashion Capital Of New Zealand'.

 

Summary of Businesses and Employment in Newmarket

  • There are 19,100 employees in 3,116 businesses in Newmarket in 2005.
  • Property and Business Services Businesses comprise the largest share of businesses at 42 percent. There are 1,322 businesses in this sector in Newmarket. This is a key growth sector for the Auckland region.
  • This is followed by Retail Trade, Finance and Insurance and Health and Community Services Businesses which collectively comprise a third of Newmarket’s businesses. This reflects the office sector and retail roles of Newmarket.
  • Newmarket is a key office based employment area close to Auckland’s CBD.
  • Property and Businesses Services is also the largest industry sector of employment, comprising 25 percent of all Newmarket’s employees.
  • This is followed by the Retail Trade, Health and Community Services, Wholesale Trade, Education and Finance and Insurance sectors, which collectively comprise 52 percent of Newmarket’s employment.
  • Land intensive primary and industrial sectors comprise a comparatively small share of businesses and employment in Newmarket. These include Agriculture, Forestry and Fishing, Mining and Quarrying, Manufacturing, Electricity, Gas and Water Supply, Construction and Wholesale Trade sectors. This reflects the office and retail oriented nature of this centre.
  • Newmarket contains 5.6 and 6.4 percent of Auckland city’s businesses and employment respectively.
  • Newmarket contains 2.4 and 3.3 percent of Auckland region’s businesses and employment respectively.

Click here to see this data in a graphed presentation

Click here to see the mapped area this data was gained from.

Business Man

12 reasons why to set up business in Newmarket

1. Newmarket has been voted 'Auckland's best shopping precinct' by Metro magazine readers every year for the past four years.

 

2. Newmarket is a fast growing commercial centre with over 16,000 people working in the business district every day. Big corporates headquarters include Ericsson Communications, Vector, Watercare, Fidelity Life, Lion Nathan, Westfield NZ, and Sony BMG. Newmarket is also home to cutting edge businesses like Woosh Wireless and Commonwealth Games sponsors Orca wetsuits and sports apparel.

 

3. Newmarket is a key public transport hub, with hundreds of buses going through the bustling area everyday, including the popular Link bus. A dedicated bus corridor linking the central city to Newmarket, via the university and hospital, will be constructed from next year.

 

4. On the train Newmarket is only seven minutes from Britomart with the local railway station scheduled for a $50 - $70m upgrade. Every morning hundreds of rail commuters make their way from north, south, east and west into Newmarket – the region’s key rail junction. Up to 1,000 apartment dwellers will soon neighbour the railway station, with the complex also adding around 30 shops to the area.

 

5. For those who like looking good, Newmarket is well endowed with gyms and health-enhancing centres. It is home to the 50-metre indoor Olympic Pool and boarders Auckland's oldest park, The Domain - a runner's paradise. The region's number one man-made tourism attraction, the Auckland War Memorial Museum, also boarders the town centre. 

 

6. Newmarket has over 100 cafes, bars and restaurants with eight recently opening their doors in the completely redeveloped Nuffield Street.

 

7. Newmarket is home to high-end fashion with big names such as Karen Walker, Trelise Cooper, Workshop and Zambesi all choosing Newmarket for their flagship stores.

 

8. Two Double Seven, the best shopping mall in New Zealand, is located in the heart of Newmarket and is about to get bigger and better. It anchors Broadway which boasts the best strip shopping experience in the country. Now with Nuffield Street and its 29 stores added to the mix, Newmarket now offers the most rounded retailing experience in Auckland. and Grafton. Further, despite any myths Newmarket has plenty of spare parking capacity - 10,600 car parks to be precise.

 

9. The Auckland City Council has committed to nearly $10m worth of infrastructural upgrades including new footpaths for Broadway in 2007 and a modernisation of Lumsden Green, starting this summer. The fabulous Rialto Cinemas have also been completely refurbished, now offering more cinemas and Art House movies. 

 

10. Newmarket is always bustling, helped by the fact that 8,000 students attend a number of Auckland's best secondary school that boarder the town centre.

 

11. Unlike the CBD Newmarket is better strategically located and is a lot more accessible for employees and shoppers residing all around Auckland particularly in the likes of the Eastern Bays, Remuera, Parnell, Epsom, Mt Eden, Balmoral,

 

12. Newmarket has the most proactive business association in Auckland, actively marketing the aspiring town centre to the consumer, promoting its businesses and issues to the wider public, and working behind the scenes with local authorities to constantly improve the likes of infrastructure and security.

 

 

 

 

 

 


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