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Auckland Industrial South Q3 2015

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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