Beyond the CBD: Exploring Emerging Commercial Rental Hotspots Across New Zealand.
Commercial property in New Zealand is shifting. For years, the story was all about the CBD — Auckland, Wellington, Christchurch city centres. But the data now points somewhere else. In Auckland, CBD office vacancy sat around 18.8% in mid-2025, while industrial vacancies hovered near 2–3% by the end of that year. That gap tells you something about where demand is