• This survey sees the introduction of the Airport precinct into monitored stock. This represents circa 115,000sqm of industrial stock.
  • Monitored industrial building stock in Hamilton now measures 1.91 million sqm, reflecting (in addition to the Airport stock) a net increase of circa 77,000sqm in the twelve months to December 2019.
  • Overall industrial vacancy has decreased to 1.0% representing a 3,040sqm decrease of vacant space, the lowest vacancy rate on record.
  • Over 50,000sqm of new industrial supply is under construction.
  • Overall net absorption was positive 79,880sqm, largely due to the completion of new fully occupied Grade A buildings in Te Rapa North.