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Activity and Values Down

Activity and Values Down

Date Posted: May 29, 2009

Colliers International has just released their latest Auckland Industrial Market Indicators report.

Rental rates fell across Auckland's industrial markets over the past six months. Incentives have become a key component in the lease negotiation process for landlords hoping to secure potential tenants. One consequence of increasing tenant's bargaining power is that many leases are being signed for short terms, say three to four years, reflecting a weakened tenant demand.

Increasing competition for tenants from the sublease market, not a traditional feature of the industrial landscape, has been putting additional pressure on the sluggish leasing market.

Click here to read the full report in PDF format

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For more information, please contact:

Dhilan Balia

Dhilan Balia

Research Analyst / Valuer
Auckland Office
DDI: +64 (9) 358-8966
Fax: +64 (9) 358-1999
Email: Dhilan.Balia@colliers.com

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Alan McMahon

Alan McMahon

National Director - Research and Consulting
Auckland Office
DDI: +64 (9) 356-8811
Fax: +64 (9) 358-1999
Email: alan.mcmahon@colliers.com

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