• South Auckland Prime Office vacancy decreased from 17.0% to 14.4% in the six months to June 2016, while Secondary decreased from 10.4% to 9.6%.
  • Most of the H1 2016 take-up in Prime office was in Greenlane where vacancy decreased from 13.6% to 10.6%
  • Prime industrial vacancy stands at 1.0%, as new supply is rapidly absorbed.
  • Prime industrial rents are now up 4.0% y-o-y, with those for Secondary up 5.4%.
  • Further compression of yields has been evident in all sectors
  • Land values increased 18.1% y-o-y with 16.5% increase in the last six months