Tuesday, 25 May 2021, 10:02 am
The strength of the Wellington CBD office market even in
the face of a global pandemic, stringent seismic thresholds
and changing work models, has bucked the trends seen in
other main centres – both in New Zealand and
globally.
Artist s
impression
The resilience of the capital’s office
sector – demonstrated by ongoing low vacancy rates, steady
rental rates and demand for quality stock – is explored in
the latest Bayleys Research Wellington CBD office market
update report.
The relatively stable Wellington office
market hinges largely on the scale of government occupation
in the city, according to Bayleys.
On the back of