There are around 2,000 commercial industrial property owners in East Tamaki, some of whom also own the business(es) on the property. As well as representing the interests of East Tamaki businesses, GETBA also represents the interests of property owners.
East Tamaki leading the way
Latest industrial property research from Bayleys (2017) shows vacancy rates hold at low levels. With recent leasing of two large spaces in Springs Road vacated by Fisher & Paykel and Lion, the vacancy rate is approximately 3.5%. Industrial returns hold at high levels outpacing those generated by the commercial office and retail sectors.
Click here for Bayleys useful tips and checklists for commercial industrial property and business owners.
East Tamaki is fortunate to have within its boundaries the visionary 110 hectare Highbrook Business Park. With a current value in excess of $1.0 billion and around 70% through its planned development, the estate features more than 40 buildings providing over 380,000 sqm of warehouse and office space. Goodman recently announced (March 2017) it would spend $44 million on a package of new developments.
For more information, or if you're interested in joining the more than 60 businesses already located at Highbrook, please go to www.highbrook.co.nz
Portfolio Manager, Evan Sanders
Local Property Agencies
Property Council of New Zealand