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Auckland CBD Office market - February 2010

Occupier demand in Auckland's CBD continues to soften as a result of weak economic conditions and the backfill space created from new developments. The vacancy rate has increased to 13% in the CBD Core and Frame precincts, a significant increase from 7.1% only one year ago. The vacancy is primarily concentrated in the CBD Core, with a few high profile buildings providing the majority of the vacant space.

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