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Research

Report

Auckland Retail - February 2010


Occupier demand for retail premises held relatively stable over the last quarter after reaching the highest level recorded in five years in 3Q09. The vacancy rate is at 4.3%, traditionally low, but still higher than the record lows reached at the peak of market at the end of 2007. Retailers were holding onto the premise that shoppers would spend in a flurry in the few days heading into Christmas, while current data is unavailable. If this doesnt transpire, market sentiment suggests a pick up in vacancy may be facing some Landlords in 2010.

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