Tuesday, 25 May 2021, 9:22 am
The rejuvenation of Onehunga on the back of flexible
usage zonings and the insatiable demand for housing, is
underpinning the strength of the commercial property market
in the accessible Auckland suburb.
Seasoned developers are
scoping out opportunities in Onehunga, buoyed by the
interest and speedy sell-down of several recent apartment
complex developments and further backed up by plans for the
significant urban regeneration of Onehunga by the
Council-aligned entity, Panuku Development
Auckland.
The demand for, and uptake of, space in the
new Woollen Mills light industrial business park on the
Penrose-Onehunga border also shows the appetite for