Green Party Unveils Policy to Support Small Businesses and Māori Entrepreneurs via Commercial Rent Reform

Auckland Central MP and Green Party co-leader Chlöe Swarbrick has announced a new election policy designed to support small businesses and Māori entrepreneurs by lowering commercial overheads and revitalising urban centres. As reported by Waatea News on 20 September 2026, the proposal targets high rents and empty storefronts as central issues for the upcoming general election. A key pillar of the plan involves reforming commercial leasing rules to eliminate 'ratchet clauses,' which currently prevent rents from dropping even when market conditions weaken. Under the Greens' proposal, market rent reviews would be allowed to reduce rents for businesses with a turnover below $30 million. Furthermore, the policy dictates that any cap on rent reductions must be mirrored by a cap on increases, ensuring a fair balance for tenants. To address the issue of derelict or empty spaces, the Green Party suggests giving local councils the authority to intervene when commercial premises in central business districts remain vacant for more than 12 months. Property owners would be given eight weeks to secure a tenant; failing that, councils could auction the lease to the highest bidder. Exceptions would be made for landlords who intend to occupy the space themselves or have active redevelopment plans. Swarbrick noted that with the City Rail Link approaching completion, there is a significant opportunity to bring activity back to Tāmaki Makaurau. The policy is expected to have a positive impact on Māori pakihi (businesses) in the retail, hospitality, and creative sectors, where high central-city rents often act as a barrier to entry. Additionally, the party proposes a low-cost dispute resolution process for small commercial tenants, potentially through the Tenancy Tribunal or a similar body, to provide accessible legal recourse for business owners.