Report
Auckland New Development Monitor - May 2026
June 4, 2026 11 Minute Read
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- The active development pipeline (projects where physical work has commenced or is considered imminent) across the office, retail, and industrial sectors currently comprises 33 projects. The industrial market dominates, with 17 projects in the active pipeline, followed by the office market with nine projects. Retail has seven active projects.
- Wiri, Airport Corridor, and East Tamaki are the three most active precincts for industrial development. In Wiri, James Kirkpatrick, Fernbrook and ESR are the only developers building warehouses, with a combined development size of over 140,000 sqm — to date all without precommitment. In Airport Corridor, three projects are under construction, two of which are cold storage facilities. Auckland International Airport is building a cold storage facility for Foodstuffs, with an NLA of approximately 25,000 sqm. Fife Capital is developing another one for Refrigafreighters on Kirkbride Road, with an NLA of approximately 10,000 sqm.
- Three office projects in the CBD and four in non-CBD, mainly in the city fringe, are under construction, totaling 37,000 sqm. Construction for the other two small buildings, totaling around 2,600 sqm in the city fringe, will commence soon. The biggest office project under construction is Bledisloe House at 24 Wellesley Street West (13,000 sqm), followed by 75-77 Remuera Road (8,500 sqm) and 9 Marewa Road (6,400 sqm).
- West Auckland has the largest retail development pipeline in the region, at approximately 24,000 sqm, scheduled for completion by mid-2026. Two retail projects in the CBD — Faradays department store and Queens Arcade — are also being developed, and are expected to be completed by the end of 2026.