A rising amount of floorspace is for lease in Auckland's central-city office sector.
Zoltan Moricz, director of CB Richard Ellis research and consulting, said the city's vacancy rate was up 2 per cent since 2007 and he expects it to continue to rise this year.
In December 2007, Auckland's CBD vacancy rate for prime, B, C and D-grade office buildings hit the lowest point this decade when just 6.1 per cent of stock was vacant.
Now, Moricz said that had risen to 8.3 per cent, equating to just over 100,000sq m of empty office space. Using the calculation of an average 15sq m for every office worker, that amount of empty space would be enough for almost 7000 people.
Zoltan Moricz, director of CB Richard Ellis research and consulting, said the city's vacancy rate was up 2 per cent since 2007 and he expects it to continue to rise this year.
In December 2007, Auckland's CBD vacancy rate for prime, B, C and D-grade office buildings hit the lowest point this decade when just 6.1 per cent of stock was vacant.
Now, Moricz said that had risen to 8.3 per cent, equating to just over 100,000sq m of empty office space. Using the calculation of an average 15sq m for every office worker, that amount of empty space would be enough for almost 7000 people.
Details at: http://www.nzherald.co.nz/commercial...0553841&pnum=0
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