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'Good time to be commercial landlord'

Wednesday 13th of August 2014
The firm has reported a shortage of prime office space in Auckland and Wellington. Between the two cities, there is less than 13,000 sq m of space available. Just over 6000 sq m of that is in Auckland, where the prime vacancy rate is at a 20-year low of 1.4%.
McMahon said the balance of power had shifted firmly in favour of landlords and that would have serious consequences for tenants...
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