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30 Nov 2023 1:05
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  •   Home > News > Business

    Rising demand for office space in central Auckland -- as workers return to the office after Covid-19

    Rising demand for office space in central Auckland -- as workers return to the office after Covid-19


    Latest figures from JLL Real Estate show commercial vacancy rates in the central city have dropped 7.3 percent in the year to date.

    Nine of the city's 26 office towers are now completely full.

    JLL Head of Research Gavin Read says while rents are rising, high-end offerings are drawing a lot of demand.

    He says when some of the prime spaces have come up, they've seen more than one occupier very interested in trying to take it.

    © 2023 Newstalk ZB, NZCity

     Other Business News
     29 Nov: Netball Australia has made a short term pay offer which would allow contracting to begin for next year's Suncorp Super Netball competition while long-term negotiations continue with the Players' Association
     29 Nov: An economist doesn't believe the Reserve Bank will actually raise interest rates -- despite it saying it may need to
     29 Nov: New Zealand's central bank has shocked nobody by holding the official cash rate at 5.5 per cent
     29 Nov: The Official Cash Rate is set for a sustained period, at least at its current level
     29 Nov: An Auckland councillor says the Council's done too much spending, and not enough selling
     29 Nov: Ryman Healthcare is banking on an improvement in underlying profit ahead of the new year
     29 Nov: A global events company is adamant all its suppliers will be paid for their role in the Fifa Women's World Cup
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