Rising Vacancy Rates and Declining Transaction Volumes in Auckland R&D Sector
CBRE CBRE Group Inc
$134.23 +2.65%
View chart & analysis → - 1The vacancy rate for the Auckland R&D sector reached 17.9% in the third quarter.
- 2Auckland R&D transaction volume decreased by 93% compared to the previous quarter.
- 3The leased area for Auckland industrial space was 1.3 million square feet in the third quarter.
So what's the key point?
The percentage of vacant research and development space in Auckland rose to 17.9%. Transaction volumes also shrank by 93% from the previous quarter, indicating a contracting market.
Source The Real Deal · View original ↗
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