Auckland office market starting to show stress fractures

Auckland office market starting to show stress fractures
Brent Melville
Cracks are starting to appear in the Auckland commercial property market, with more than 148,000 square metres of planned city office developments parked for now. What's more, vacancy rates in the country's largest city were likely to ramp up as the recession takes hold, and as an additional 122,000 sqm currently being built comes on stream in the next 18 months. Auckland developers and commercial landlords have been on easy street for the past five years as CBD office vacancy levels hit historic lows, ending 2019 at 4.7 percent.   Met...

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Gibbons Co files to subdivide old Tip Top factory site
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Gibbons Co files to subdivide old Tip Top factory site

Property developer Gibbons Co has applied to subdivide the former site of Wellington's Tip Top factory.On Wednesday, the Wellington City Council told BusinessDesk it was processing an application for a three-lot subdivision on the 5000sq m property at 194 Adelaide Rd in Newto...

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Economy

Auckland daycares in receivership as creditors close in

Peacocks Early Learning Centre remains operational. 

Gregor Thompson 06 Aug 2025