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Auckland’s office market continues to shine as confidence remains high. Robust economic fundamentals and strong trading conditions are filtering into the commercial property market. This is especially true for the prime segment of the market which continues to attract strong interest, which is now moving into the secondary space. Investor appetite is high across all markets and yields are firming as a result. With no new supply likely to enter the stock base over the short to medium term combined with strong tenant demand, we expect to see continued tightening across the markets.
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22 February 2015