Auckland CBD fringe vacancy rates up

An increase in supply means Auckland CBD fringe vacancy rates are at their highest, according to Jones Lang LaSalle research out today.

CBD fringe vacancy rates are at 18.5%, the highest since Jones Lang LaSalle began reporting in this area.

The agency says the inner-city suburbs of Parnell, Ponsonby and Grafton have seen low levels of activity over the last six months.

 

Want to read more?

Choose a Subscription type that's right for you HERE
Already have an account? Login