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Research

Report

Wellington Office Market


• Flat vacancy and supply levels permeate the marketplace
• Upper rents steady as lower grades regress
• Significant activity results in Prime yields firming

Wellington’s overall office vacancy rate has entered a holding pattern, with the rate decreasing marginally over the last six months to 10.4% or 126,500 sqm. The city’s Core, A & B grades have flattened out and no significant vacancy shifts were experienced.​

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