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Wellington CBD Office Pulse 1Q11

Net take-up was positive for the first time since mid-2009, according to the latest Jones Lang LaSalle survey. Wellington CBD office net absorption increased by 30,339sqm over 2H10. This was a result of Asteron House and Customs House reaching practical completion over the survey period, with sizeable pre-commitment. However, the Wellington CBD office vacancy rate increased from 5.7% in 1H10 to 7% in 2H10, with the rate of increase lower than expected...

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