Skip to main content Skip to footer

Auckland Industrial Report | Second Half 2020

Download Report

Market conditions eased slightly over the six months to September with vacancy rising to 2.1% from March’s record low of 1.4%. Prime grade vacancy held steady at 1.2% while the secondary grade sector saw vacancy increase from 1.6% to 2.5%. Given current high demand for industrial space it seems likely that vacancy is at, or close to, peak levels.


High demand for space and tight market conditions have boosted confidence within the development sector. The value of building consents issued for industrial property development in Auckland over August and September has reached record levels totalling $234.3 million. The spike in activity has propelled the total value of consents approved over the year to September to $615.9 million. 213 consents were issued over the year to September for a total floor area of 329,130 sq m.


The low interest rate environment has driven heightened demand for industrial investment assets. High net wealth individuals, syndicators and property companies are all active in the market. Low interest rates have also increased the appetite from occupiers to secure their own premises. Sales turnover is currently constrained by a shortage of quality assets being brought to market. Yields are likely to firm further in 2021.


The increase in development activity and a shortage of vacant industrially zoned land have seen land values continuing to trend upwards across both established and emerging industrial precincts. Between September 2019 and September 2020 average land values increased by approximately 12.5% in the Airport corridor, Onehunga/Penrose and Mt Wellington while, in East Tamaki values rose by approximately 16.7%.


Find the link to download and view the report below, or CLICK HERE to view more Colliers Insights.

Industrial  Storage Warehouse

Auckland Industrial Report | Second Half 2020

Download Report
Related Experts

Greg Goldfinch

National Director | Industrial

Auckland South

I am the National Director for industrial across all of New Zealand based in our South Auckland industrial office.

I specialise in the mid to upper end of the industrial sale and leasing markets. Since joining Colliers in 2004 I have established strong relationships within the industrial market and have worked exclusively for a number of national and multi-national clients.

View expert

Chris Dibble

National Director | Colliers Partnerships, Research & Communications

Auckland CBD

Chris Dibble oversees three key business units at Colliers New Zealand - Colliers Partnerships, Research and Communications.

Colliers Partnership priorities focus on support initiatives that drive collaboration, best practice learning, cost efficiencies, and growth opportunities across the wider Colliers franchise network.

As the head of research for Colliers, Chris oversees the collaboration and delivery of award-winning research reports. He is a regular presenter and market commentator, often discussing the latest insights on current and future property trends.

Chris also leads  PR and communications for Colliers. He works with in-house and external writers to curate an audience-focused content delivery strategy. 

With over 15 years of experience and university qualifications in economics, geography, marketing and property, Chris provides a multi-disciplinary approach that assists a broad range of clients and internal stakeholders.

View expert

Ian Little

Associate Director | Research

Auckland CBD

My Colliers partnership priorities focus on supporting the New Zealand franchise network through the provision of research and thought leadership reports, articles and presentations. I draw on over 30 years of experience in the property market, gained in both the UK and New Zealand to my role enabling me to assist a broad range of clients and internal stakeholders. I am a member of the Royal Institution of Chartered surveyors. I am a regular presenter on current market conditions and future trends to the media, clients and various interest groups.

View expert