logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
New Zealand
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Hotels
      • Industrial & Logistics
      • Office Leasing
      • Retail
      • Self Storage
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt & Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Advisory
      • Property Sales
      • Structured Transactions and Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Valuation & Advisory
    • Services for Occupiers
      • Enterprise Facilities Management
      • Host
      • Leasing & Advisory
      • Portfolio Services
      • Project Management
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Office
      Industrial
      Retail
      Land
  • Research & Insight
    • New Zealand Research
      Asia Pacific Research
      Global Research
      COVID-19 INSIGHTS
      Insights & Expertise
      Talking Property Podcast
  • People & Offices
    • New Zealand Executive Committee
      Pacific Executive Committee
  • About CBRE
    • Careers
      Case Studies
      Client Tools
      Corporate Information
      Corporate Responsibility
      Investor Relations
      Media Centre

Previous

Press Release
CBRE Group, Inc. reports robust revenue and adjusted earnings growth for full-year and fourth-quarter 2015

Next

Press Release
Jamie Ellis to lead CBRE’s Land Development Valuation & Advisory Services team
  • Home
  • About CBRE
  • Media Centre
  • 75% of Auckland’s apartment pipeline already taken

75% of Auckland’s apartment pipeline already taken

28 January 2016
  • Email
  • Share
  • Tweet
  • Share

Fewer than 2,000 of 7,800 apartments in development pipeline remain available for purchase


Auckland, 28 January 2016 – Only 25% of 7,800 apartments in Auckland’s current development pipeline remain available for purchase, according to CBRE New Zealand’s latest Auckland MarketFlash report.

The research shows that:

  • ​At present there are 103 active apartment projects underway across the city, creating a total of 7,800 units
  • This follows the 1,300 units across 28 buildings that were completed in the past year
  • Approximately 50% of all apartments in the current pipeline are pre-sold or under contract
  • A further 25% are not available for sale, due to factors such as the developer holding them for investment
  • This leaves approximately 25% of the pipeline, circa 2,000 units, on the market for sale.

CBRE’s National Research Director Zoltan Moricz says: “The number of apartments in the pipeline has almost doubled between 2014 and January 2016, and the 103 active projects are well spread across the Auckland region. The research also shows that expected apartment project completions in 2016 will approach the volume that were built during the peak years of the previous apartment development cycle in 2005.”

Gavin Lloyd, CBRE’s National Director of Residential Projects, says: “The debate about the city’s housing going ‘up’ or ‘out’ is once again hot – and we’re seeing evidence that the demand for ‘up’ is driving development. 

“To us, this shows that Auckland’s apartment market is reaching a mature state. Higher density apartment living is becoming increasingly seen as an option for people looking for a place to live in Auckland, which is a big change in the market.”

For New Zealand/international news or global stories, follow us on Twitter: @cbreNewZealand

​About CBRE

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

Media Contacts

Dan Scott
Dan Scott
Marketing and Pitch Director
New Zealand
+64 9 359 5361
+64 21 625 140
  • Corporate Information
  • Corporate Responsibility
  • Media Center
  • About CBRE
  • Careers
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Notice
  • Whistleblower Policy
  • Complaints and Dispute Resolution Procedures
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Youtube
  • Facebook
  • Instagram
CBRE Limited and CBRE (Agency) Limited, Licensed Real Estate Agent (REAA 2008)