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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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02 September 2015