Auckland CBD rental situation gets worse

From today …

Rising vacancies and softening rents have hammered Auckland’s commercial property sector leaving a mammoth 240,000 square metres of office space empty.
Vacant Auckland central business district, CBD, space is now 140,000 sq m, or 14.6 per cent, the highest it has been since the mid-1990s while the 100,000 sq m available outside the core CBD has tripled in the past two years due to new supply. …

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