It will be a couple of years yet before office rents rise in Auckland to levels that justify new developments
Chris Hutching Fri, 16 May 2014
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