Press Release – Bayleys
The strength of the Wellington CBD office market has bucked the trends in other main centres – both in New Zealand and globally. 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 Wellington’s seat-of-government status, and, with the demand for social, housing and health-related services amplified by the COVID-19 environment, there’s been minimal contraction in Crown-occupied space, said Mark Hourigan, managing director Bayleys Wellington Commercial.
Press Release – Bayleys
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 Wellington’s seat-of-government status, and, with the demand for social, housing and health-related services amplified by the COVID-19 environment, there’s been minimal contraction in Crown-occupied space, said Mark Hourigan, managing director Bayleys Wellington Commercial.
Press Release – Bayleys 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.
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
Charlottesvilleâs Apex Plaza Building making history in Virginia The final beam being placed on top of the Apex Plaza Building in Charlottesville. (Source: wvir) By Daniel Grimes | May 19, 2021 at 4:07 PM EDT - Updated May 19 at 4:07 PM
CHARLOTTESVILLE, Va. (WVIR) -A new eight story office building in Charlottesville is celebrating a construction milestone.
The final beam was placed on Apex Plaza during ceremony Wednesday, May 19. The building is the first large-scale mass timber project in Virginia, and one of only a handful in the United States .
âThe new technology to the United States of bringing cross laminated timber- CLT, as its known - and bringing a project of this size and magnitude to Charlottesville. It is a big day,â Hourigan Group CEO Mark Hourigan said.