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25 Jan 2020 7:48
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  •   Home > News > Business

    Competition for prime CBD office space remains fierce in Auckland and Wellington

    Competition for prime CBD office space remains fierce in Auckland and Wellington


    Real Estate company JLL's latest review outlines low vacancy rates and strong pre-leasing on space scheduled to come to market over the next two years.

    Vacancy in Auckland's four premium CBD towers is at 2.6 percent, while in Wynyard Quarter only 0.7 percent is currently available.

    In Wellington - only 0.5 per cent of grade A CBD space is available - with no more space set to be available until late 2021.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     25 Jan: The Opposition's laying blame for the increasing rent prices across the country, squarely on the government
     24 Jan: Bad news for retail workers
     24 Jan: New heating requirements are puzzling tenants, landlords and property managers
     24 Jan: Rents rose last year at the fastest pace in more than a decade
     24 Jan: A shortage of logs is behind the possible closure of a Northland sawmill
     23 Jan: Workers at Cotton On are outraged the company's unexpectedly closed two Porirua stores
     23 Jan: Saracens chairman Neil Golding claims another audit would've involved more financial and emotional strain
     Top Stories

    RUGBY RUGBY
    A big weekend ahead for Hamilton, as the Sevens tournament kicks off, and celebrates its 21st birthday More...


    BUSINESS BUSINESS
    The Opposition's laying blame for the increasing rent prices across the country, squarely on the government More...



     Today's News

    Living & Travel:
    A big weekend ahead for Hamilton, as the Sevens tournament kicks off, and celebrates its 21st birthday 7:47

    Hamilton:
    One person's died and another is seriously injured after an accident on State Highway One near Cambridge, in the Waikato 7:47

    Law and Order:
    A 26-year-old man has shot his parents and four other members of his family dead in Germany - before calling the police and waiting for them to arrest him 7:37

    Entertainment:
    Adam Sandler has hailed Jennifer Aniston "the best" after she gave him a shout-out in her SAG Awards speech 7:30

    International:
    Vampire white dwarf star feeding on neighbour spotted in Kepler data 7:27

    Law and Order:
    Christchurch police are seeking sightings of a convicted gun thief who's on the run from police 7:27

    Rugby League:
    The Auckland Tuatara have been put to the sword once again by the Brisbane Bandits in the Australian baseball league 7:17

    International:
    Donald Trump is still controlling the narrative — and it rests with the word 'transcript' 7:17

    Entertainment:
    Patricia Arquette joked that's she's a "method actor" when asked about hitting Joey King in the head with her Golden Globe 7:00

    Entertainment:
    Brad Pitt and Jennifer Aniston were snapped sharing a kiss and holding hands at the SAG Awards on Sunday (19.01.20) 6:30


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