Vertical Vacancy Review 1Q 2019

JLL's Vertical Vacancy Report for 1Q19  shows the amount of available space in Auckland, Wellington and Christchurch’s prime and ‘A’ Grade buildings in their respective CBDs. 

June 18, 2019

We are again seeing low vacancy in the best buildings across the major cities of New Zealand which comes as little surprise given our good recent economic track record for sustainable growth.

Overall, we see that the prospects for quality office space across the country is set fair for the short to medium term in Auckland and Wellington.  In Christchurch we can see that with stock levels nearing equilibrium, rents are close to finding their longer term starting point and we expect to see modest year on year market growth from there.

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