RLB CRANE INDEX®
The index value rose by 19 points, from 58 to 77 - the highest value since Q1 2017.
Q1 2024
Highlights
Christchurch saw an increase in crane numbers for the third consecutive reporting period. The index value rose by 19 points, from 58 to 77 – the highest value since Q1 2017. The region currently hosts 24 cranes, up from 18 in the previous edition.
Twelve long-term cranes were added to developments in Christchurch, and six were removed.
Twenty-four cranes can now be seen in Christchurch. Te Kaha – Christchurch Stadium accounts for almost half of these, with 10 cranes assisting the development; the site has most cranes in New Zealand.
Cranes removed from projects include:
- Ranui Apartments – Bone Marrow Cancer Trust
- CDHB Carpark
- Regent Building
- Oxford Apartments
- Court Theatre
- Lexus Showroom
New cranes have been placed at:
- Te Kaha – Christchurch Stadium (four new cranes, adding to the six long-term cranes previously)
- University of Otago Christchurch Redevelopment
- Worchester Boulevard Carpark Demolition
- Office Development (200 High Street)
- QB Studios (239 High Street)
- Manchester Square
- Fletcher Living Development
- Canterbury Museum Redevelopment
- Kind Foundation Carpark
Te Kaha – Christchurch Stadium is well into the construction phase with 10 cranes on site, an increase of four since the edition of the RLB Crane Index. This $683m project is currently the largest construction site in the Christchurch CBD.
In 2023, the overall level of building activity in the Canterbury region grew strongly; there was a 15% surge in activity compared to 2022. The residential sector saw a gain of 7% compared to the 2022 calendar year, while the non-residential sector rose by a significant 33%.
The overall level of building consents in 2023 for the Canterbury region fell by 7.8% to $4.5bn. This can be almost entirely attributed to the residential sector, which saw building activity fall by 11% compared to the 2022 calendar year. The non-residential sector rose by a small margin of 0.2%.
Q1 2024
Summary
Region | Change | |
---|---|---|
CHRISTCHURCH | 6 |
Sector | Change | |
---|---|---|
AGED CARE | N/A | |
CIVIC | 1 | |
CIVIL | 1 | |
COMMERCIAL | N/A | |
DATA CENTRES | N/A | |
EDUCATION | 1 | |
HEALTH | -1 | |
HOTEL | N/A | |
MIXED USE | -1 | |
RECREATION | 4 | |
RESIDENTIAL | 1 | |
RETAIL | N/A |
Q1 2024
Crane Activity
By Region
OPENING / CLOSING COUNT COMPARISON
OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
---|---|---|---|---|---|---|---|
Q3 2023 | % | NET | Q1 2024 | % | |||
CHRISTCHURCH | 18 | 12.5% | 12 | -6 | 6 | 24 | 17.3% |
By Sector
OPENING / CLOSING COUNT COMPARISON
OPENING COUNT | MOVEMENT | CLOSING COUNT | |||||
---|---|---|---|---|---|---|---|
Q3 2023 | % | NET | Q1 2024 | % | |||
AGED CARE | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
CIVIC | 1 | 5.6% | 1 | 0 | 1 | 2 | 8.3% |
CIVIL | 1 | 5.6% | 2 | -1 | 1 | 2 | 8.3% |
COMMERCIAL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
DATA CENTRES | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
EDUCATION | 1 | 5.6% | 1 | 0 | 1 | 2 | 8.3% |
HEALTH | 3 | 16.7% | 0 | -1 | -1 | 2 | 8.3% |
HOTEL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
MIXED USE | 4 | 22.2% | 2 | -3 | -1 | 3 | 12.5% |
RECREATION | 7 | 38.9% | 4 | 0 | 4 | 11 | 45.8% |
RESIDENTIAL | 1 | 5.6% | 2 | -1 | 1 | 2 | 8.3% |
RETAIL | 0 | 0.0% | 0 | 0 | 0 | 0 | 0.0% |
TOTAL | 18 | 12.5% | 12 | -6 | 6 | 24 | 17.3% |
RLB CRANE INDEX®
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