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The North Shore office market remains highly sought after by both occupiers and investors alike.
Takapuna continues to see very low office vacancies and has dropped to just 3.9%, the lowest it has been in more than 10 years. Occupier enquiry remains robust and has pushed rentals higher, nearing the peak seen in late 2007.
Weight of capital and limited tradable stock is leading to further compression in investment yields in the Takapuna precinct.
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27 August 2015