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Auckland Southern Corridor Office Pulse 1Q11

Stability in occupier activity is present in the Southern Corridor (which extends along Great South Road from Manukau to the Penrose interchange) as vacancy rates have tracked within a tight range of 9.8% to 10.1% over the last 18 months. The current vacancy rate sits at the top of the range at our lastest survey at 10.1%. While occupier demand is softer than just prior to the global financial crisis, enquiry for space remains relatively robust...

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