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Tag: recession

NZHerald: Auckland Office Vacancies Tipped to top 10%

4:00AM Friday Apr 24, 2009
Anne Gibson

The amount of empty floor space in Auckland is expected to rise. Photo / Supplied

The amount of empty floor space in Auckland is expected to rise. Photo / Supplied

Double-digit vacancy rates are being forecast for Auckland offices.

Alan McMahon, research and consulting director of Colliers International, has today issued a report saying vacancies were already up on last year but he expects the amount of empty floorspace to rise.

“Wellington and Auckland CBD’s are holding up quite well to date but we forecast double digit vacancy in both centres as the crop of new buildings under construction are filled,” he said.

For the rest of the article, go to the NZHerald here.


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