Own your future
The experts all agree: industrial land in the right locations in Auckland is harder than ever to buy. We are living at a time when major economic indicators signal an expansionary outlook for the New Zealand economy and the industrial sector, leading to ‘one of the fastest rates of land take-up experienced post-GFC’ according to Colliers International.
As big industrial landowners such as Auckland Airport and Goodman push ahead with their leasehold offerings, global real estate firm CBRE’s latest research confirms that ‘restricted availability’ of industrial land continues to drive demand, particularly in the ‘more highly sought after industrial locations’ in South Auckland.
‘Demand from both tenants and owner occupiers has been consistently strong over the past year as businesses continue to expand off the back of a strong economy. The Auckland Industrial market has gone from strength to strength over the past 12 months.
‘Over the next 12 months we expect to see a continuation of similar conditions in the industrial market. A shortage of prime stock will continue to cause upward pressure on rents, some of which will flow into the take-up of secondary space and continue to fuel the demand for newly built stock.’
In this environment, buyers of industrial premises at Drury South Crossing Business Park will find themselves holding the keys to their future: the land and opportunity to create new facilities to their own specifications in a highly desirable location. Get ready to take advantage and reap the benefits.