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Auckland office fringe and suburban Q3 2013

Low levels of activity keeping rents flat but investor demand for noncore assets picking up in line with other Auckland markets. Demand for quality in Suburban locations putting upward pressure on rents and yields...

The past 6 months has seen low levels of activity in Auckland’s
decentralised office markets with tenant interest being largely
focused on activity in the CBD. Absorption remained low for the
suburbs with total net absorption bottoming out at -500 sqm for
1H13. However this does reflect a 4,000 sqm addition to supply
overall, the majority being in the Fringe.

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