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Auckland Fringe and Suburban Office 1Q11

The vacancy rate in the Auckland Fringe precincts (CBD Fringe, Viaduct Harbour and Symonds Street) increased in our lastest survey. This was a result of backfill in vacated space not being absorbed in the CBD Fringe and low take-up rates of existing vacant space in other precincts. The vacancy rate in the CBD Fringe and Symonds Street precinct is now at 17.6% and 20.3% respectively. This is a six-year high for the Viaduct Harbour precinct and a nine-year high for the Symonds Street precinct...

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