Expansion of Warehousing = Good News
Respected and veteran reporter Bob Dey has reported on an extra 400,000m2 of new warehousing in Auckland over the last six months. Whether this be storage for existing factories, new logistics sites, or expansion of existing logistics sites this is good news as both the manufacturing and consumer sectors are growing.
From Bob Dey’s Property Report:
Sunday 16 March 2014
220 industrial occupiers took up nearly 400,000m² of warehouse space in Auckland in the second half of 2013, according to CBRE research.
100,000m² of new stock was added in the second half to the 82,000m² built in the first half, the biggest annual addition to supply since 2007, and another 258,000m² is under construction this year.
The rise in construction lifted vacancy, at least temporarily, from 3.5% to 3.8% in the second half of 2013. CBRE research director Zoltan Moricz said prime effective rents rose slightly after virtually no change for 2 years, as incentives were reduced in some suburbs. Rents for secondary space continued to increase, reaching their mid-cycle level. Prime yields were unchanged and secondary yields firmed only marginally.
The largest new industrial development completed & occupied in the second half was the 22,000m² Cardinal Logistics warehouse in Wiri. Frucor moved into its new 17,500m² warehouse there in the first half of 2013 and The Warehouse’s 23,000m² development in Wiri will be completed in the first half of 2014.
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The busiest development suburbs are the airport, with new buildings for DHL & LSG Sky Chefs (Lufthansa), and East Tamaki, where Goodman Property Trust alone is building 34,000m² of new industrial space at Highbrook.
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And of course we have the new Sleepyhead facility coming to Manukau with their operations due to start 2017.
Talking Southern Auckland 
