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Industrial vacancy across the Auckland region continues to fall in the 1H15. Tenants have been forced into lower grade and secondary premises with a severe shortage of modern space available to lease. Rents as a result have moved higher, especially in the secondary end of the market.
Investment activity remains strong with NZD 129 million worth of large assets transacting in the 1H15, which is driving yields lower.
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02 September 2015