Brief

Auckland New Development Pipeline Brief

December 4, 2023 6 Minute Read

By Zoltan Moricz Bianca Cornforth Shang (Roger) Du

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Key Points: 

  • The active development pipeline across the office, retail and industrial sectors currently comprises 74 projects. The industrial market dominates.
  • Drury, the Airport Corridor and nearby Māngere are especially active for industrial development. Office development is concentrated in the Auckland CBD.
  • Next year’s expected industrial completions are the largest pipeline since the GFC and show confidence from both developers and occupiers.
  • Precommitment levels are healthy, reaching 84% for industrial and 54% for office.