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Research

Report

Wellington Industrial Q3 2015


The Wellington Industrial market remains strong with continued interest from occupiers pushing vacancy levels lower. Overall vacancy decreased 50 bps over the first half of 2015, from 4.7% to 4.2%. 

Greater levels of demand and a diminishing number of options for occupiers is driving up the cost of occupation at the top end of the market​.

Investment activity in the Wellington Industrial market has seen a strong increase over the 1H15 with the largest total investment in NZD +5 million in assets recorded in a half year period.

 

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