Business Growth Drives down Wellington Vacancy
Wellington’s powerfully performing economy, driven by expenditure on major infrastructure projects, booming Information and Communication Technology and film sectors along with strong results from the manufacturing sector, has been reflected in a fall in vacancy rates across the region’s prime industrial precincts.
The Space Race
The addition of new quality office space across NZ has been widely publicised – just take Auckland for example with over 100,000sqm expected to be delivered by 2019. Whether it is Britomart, Commercial Bay, Victoria St or Wynard Quarter – the location is becoming less relevant. So what are the drivers that attracting some of the biggest & fastest growing companies to new buildings?