Some Christchurch businesses are considering moving to Dunedin but uncertainty over practical issues such as insurance means they are unable to make firm decisions, Dunedin commercial real estate agent Mike Elford says.
Mr Elford, of Edinburgh Realty, was fielding "steady inquiries" from Christchurch businesses for service and light manufacturing sites.
At this stage, inquiries were "tentative" because of uncertainty over contracts and insurance policies.
Most businesses were trying to find alternative premises in Christchurch. Other centres would likely receive the "over-flow", too, he said.
He had been contacted by Dunedin landlords, who were keen to help, rather than profit from the disaster, he said,South Dunedin property was more likely to be in demand than the CBD, he said.
Commercial real estate agent Tim Barnett also had had inquiries, but people were "clarifying" their insurance and other obligations before making plans.
Nidd Realty principal Liz Nidd, also Real Estate Institute of New Zealand Otago president, said her residential property management office was going "ballistic".
Quake refugees were trying to outbid each other for properties.
Most inquiries were for rentals, she said.
Some people were relocating for business even though firms were unable to make firm decisions about commercial real estate, she said.
"[Businesses] need to know the status of their [commercial] rental contracts and leases before they can make definite decisions.
"They are looking, but I don't think there are people letting [properties] at this stage."
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