Commercial developers short of Auckland land

An Auckland Regional Council spokesman says no immediate strategy is in place to address the shortage of industrial land.

Peter Churchill of Barfoot & Thompson City Commercial says practically no land is left for development in the traditional industrial enclaves of Ellerslie and Penrose.

Prime industrial land in Wiri that sold for about $95 a square metre five years ago is now likely to be in the $140 range.

The story is similar in East Tamaki, where land available for around $90 a square metre five years ago is likely to fetch $160 a square metre now.

Much of the available land not in use in the Manukau City catchment is still in single-lot ownership and needs to be subdivided, with developers facing costs of roading and installing essential services.

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