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Research

Report

Auckland CBD Office Market


• Overall vacancy rate declines
• Development activity remains subdued in the CBD
• Rents and capital values continue to strengthen

The vacancy rate in Auckland’s CBD office market continues to decrease from the cyclical peak reached in 2010 (14.2%) and now sits at 11.2%. Approximately 120,000sqm of overall space is now vacant, the majority within secondary properties. The strengthening vacancy rate in the last six months has been triggered by a gradual rise in business confidence and employment growth.​

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