Colliers Essentials | Wellington Industrial 2H 2018

Colliers Essentials Wellington  Industrial 2H 2018

Market Snapshot

Wellington industrial vacancy dropped to a record low of 2.1% in November 2017, down from 2.9% a year earlier.

New industrial supply has been constrained by a shortage of available land, although there have been several small new builds undertaken primarily by owner-occupiers.

Major infrastructure projects will benefit the region, in particular Kapiti and Upper Hutt.

Low vacancy and strong tenant demand will continue to put upward pressure on rents. Yields will continue to firm through 2018 due to the lack of available stock for sale.

Augusta purchased The Hub Industrial Park in Seaview for $44.9 million at a yield of 7.46% at the end of 2017.


Colliers Essentials | Wellington Industrial 2H 2018

Related Experts
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Greg Goldfinch

National Director

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.

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Tim Julian

Associate Director

Wellington (Agency)

Tim’s areas of expertise are:

•       Hutt Valley and Industrial sales and leasing

•       Negotiation

•       Development

•       Documentation

•       Analysis

Tim commenced work as a valuer upon graduating in 1983. He worked in a range of management roles with Prudential from 1986 finishing as Associate Director-Property in 1995. Development and consultancy 1995/1996 and agency from 1996.

 

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