Wellington, 16 June 2016 - CBRE launches its latest Property Connector publication, a premium selection of quality office space for lease that showcases the best Wellington has to offer.
Catering for a wide variety of tenants, Property Connector covers every opportunity from Prime Grade properties with expansive views across Wellington to character suites and newly refurbished whole floors.
Matt Hince, National Director of Advisory & Transaction Services Office says, “the next several years are set to be characterised by a significant change in the supply dynamic, providing an array of leasing opportunities that tenants have not enjoyed for many years.
“As the Crown settles into purpose developed facilities and the construction of Wellington’s first two premium office buildings for many years begins, a picture of medium term tenant relocations becomes clearer. With these movements, space will be left behind and provide options for other tenants to consider.
“We expect to see an overall increase in vacancy rates and more importantly, a number of these vacancies will occur in a higher standard of office stock than we have seen for some time. This will provide better choice and increased leverage for tenants contemplating change.”
For tenants looking for their next Wellington office space or wanting to discuss how this evolving market can address their property needs, contact CBRE’s team of office leasing experts.
View CBRE's Property Connector Wellington office leasing publication
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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 2015 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.
