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
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Chris Hutching
Fri, 16 May 2014
Fri, 16 May 2014
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Rents still too low to justify office building
38113