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Wellington Industrial Market

Occupier demand in the industrial market has remained relatively steady in 2H10 with a vacancy rate of 5.3%, down 30 basis points from 1H10. This represents an improvement from the previous period of weak occupier demand. However, as we begin to see signs of recovery, it is expected that some industrial precincts, especially those with superior access to main arterial routes, high stud height and good road frontage will experience greater occupier demand than a building that does not satisfy these requirements...

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