Wellington region's shortage of industrial land could have consequences for economy

MONIQUE FORD/Stuff
Kunnen says the dearth of industrial land is being compounded by a lack of quality space, with many existing buildings more suited to the manufacturing needs of the mid-20th century.
The dearth of industrial land was compounded by a lack of quality space, with many existing buildings more suited to the manufacturing needs of the mid-20th century, he said.
Colliers associate director Tim Julian​ said the region was experiencing the lowest vacancy rate for industrial land since records began. It was currently 1.5 per cent, a healthy rate was about 4 per cent, he said.
He was aware of just six hectares of industrial-zoned greenfield land left across the Hutt Valley, Wellington, Kāpiti and Porirua.

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