We opened our Auckland office in 2017 to provide a trans-Tasman offer to our growing number of clients with real estate requirements in both Australia and New Zealand.
With a population of 1.6 million, Auckland contributes 38 percent of New Zealand’s GDP, making it the country's largest economic regional economy. Auckland’s top 18 industries are each valued at more than $1 billion.
Auckland CBD’s office vacancy rate has regressed from its all-time low to sit at 6.9%. Both the prime and secondary grade market vacancy rates have increased on the back of COVID-19’s effect on the market. Prime increasing to 4.3% and secondary increasing to 11.2%
Auckland’s industrial market saw Prime Net Face Rents increase to $130/sqm, with rental growth showing no signs of slowing down in the short term due to lack of supply.
Retail continues to remain consistent even though consumer confidence is down. In Auckland there are several major shopping centre developments underway and retail demand in the CBD remains strong.
Level 26, PWC Tower
188 Quay Street
Auckland AK 1010
8:30 AM - 5:30 PM
+64 9 363 2799