Rents still too low to justify office building
It will be a couple of years yet before office rents rise in Auckland to levels that justify new developments
Office rents in Auckland remain 10% to 20% below levels required for new developments.
Justin Kean, head of research at Jones Lang La Salle, predicts the market will hit these rental levels by mid-2016, coinciding with the timing of several new projects set to come out of the ground
They
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Chris Hutching
Fri, 16 May 2014
Fri, 16 May 2014
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Rents still too low to justify office building
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