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| Commentary and information on the industrial property market brought to you by Bayleys' Auckland Industrial Leasing Team. |
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MIKE ADAMS
B 09 309 6020
M 021 977 527
mike.adams@bayleys.co.nz
 Connect with me on LinkedIn
Bayleys Real Estate Ltd,
Licenced under the REA Act 2008 |
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Welcome
Welcome to Industrial Leasing Focus, a bi monthly electronic newsletter aimed at businesses currently occupying industrial space in Auckland, and specifically those who may be considering relocating within five years.
The newsletter includes topical information on the industrial property market and in this issue we look at some of emerging trends in the market this year, recent market leases and things to consider pre relocating. The newsletter also contains a selection of industrial properties for lease in a range of locations in central and southern Auckland. Options include good quality existing premises available for immediate occupation through to design build premises which can be purpose developed to your specific requirements.
Bayleys has a team of industrial specialists operating throughout Auckland with many years of experience assisting businesses with their accommodation requirements and decisions. We would be delighted to assist you with any further information you might require on the leasing market.
Mike Adams
Industrial Manager - Bayleys Auckland |
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Bayleys Exclusive Market Commentary |
Balance of power shifts back to landlords
Industrial accommodation options across Auckland have continued to tighten this year as tenants have had to compete with owner occupiers for a diminishing supply of quality space.
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What are premises leasing for?
Auckland industrial leasing interest and activity has picked up on the back of a steadily improving economy and business environment. Here are some recently concluded leasing transactions that will help provide a general guide to leasing costs.
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Turnaround time for
Wellington industrial
It's been a long time coming but a recovery is now evident in the Wellington industrial property market, with vacancy levels declining for the first time in seven years and a combination of factors pointing to a more positive outlook for the region.
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Industrial Tenancies In Focus |
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| 306 NEILSON STREET, ONEHUNGA |
21-23 VESTEY DRIVE, MT WELLINGTON |
356 CHURCH STREET, PENROSE |
| Calling all investors, owner occupiers or tenants. Here is your next opportunity located on Neilson Street - Well positioned, offering good access to all major transport arterials. |
Conveniently located within minutes from Mt Wellington's motorway interchange and Great South Road, this excellent property offers further advantage with its expansion potential. |
A superbly located industrial property on one of Penrose's main thoroughfares linking Mt Wellington through Penrose into Onehunga. The property presents extremely well and has dual access providing good traffic flow in and out of the property. |
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| 113 SAVILL DRIVE, OTAHUHU |
59 MONTGOMERIE ROAD, AIRPORT OAKS |
63 LADY RUBY DRIVE, EAST TAMAKI |
| This is an exceptional opportunity for a large warehousing and distribution operation to take advantage of well planned premises, complete with significant yard and hard-stand areas, part of which are well protected with massive canopies. |
This is a rare opportunity to lease a quality stand-alone property with outstanding profile and visibility at a prominent round-about within the Airport Business District. |
Rental from $58,000 to $256,000pa depending on unit size. This quality industrial unit development due for completion by March 2014 offers tenants the opportunity to position themselves in one of the best streets in East Tamaki. |
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| 20B TIMBERLEY ROAD, WESTNEY INDUSTRIAL PARK |
20C TIMBERLEY ROAD, WESTNEY INDUSTRIAL PARK |
17 TIMBERLEY ROAD, WESTNEY INDUSTRIAL PARK |
| This high capacity logistics facility provides multiple options for exceptional cost-effective distribution operations. This excellent high stud warehouse comes with high quality
office space. Additional office could be built to suit. |
This high capacity logistics facility provides multiple options for exceptional cost-effective distribution operations. On this site the existing canopy can be converted to warehouse to give a total of 5,170m² high quality space. |
This superbly presented industrial warehouse is ideal for distribution and logistics or even light assembly. This full tilt-slab warehouse with two roller doors on two of its flanks even permits drive through if needed. |
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| 131 PLUNKET AVENUE, MANUKAU |
8 EDSEL WAY, MANUKAU |
86 PLUNKET AVENUE, M20 BUSINESS PARK, MANUKAU |
| Centrally located yard in popular Manukau. This property is currently fenced and is about to have a brand new secure fence put up in its place. |
This super-site with valuable naming rights overlooking SH20 is an exceptional offering for a business that also needs a highly secure yard, complete with a wash-bay. Strategically situated within minutes of the Manukau motorway interchange. |
Situated in the heart of Manukau's industrial B6 zone, M20 Business Park is strategically positioned close to key arterial routes, Motorways, Inland Port and Auckland Airport. The warehouses are well serviced by an onsite café, as well as retail and childcare. |
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| 73 WIRI STATION ROAD, MANUKAU |
1/16 DENT PLACE, PAPAKURA |
22-24 JOMAC PLACE, AVONDALE |
| Fully refurbished and ready to go. 1,000m2 (or more) of high stud, clear span warehouse, with office space to suit, is available for lease. |
Asking $100,000 pa plus GST. Attention all tenants looking for cost effective warehouse
solutions. This modern building is surrounded by quality tenants featuring high stud clear span warehouse, generous parking and fantastic security. |
New warehouse available for lease from mid 2014. Stud height of approximately 8 metres rising to 10.8 metres, canopy above the three full height roller doors with excellent container storage and truck parking provisions. |
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Q&A |
Question: Our company is likely to outgrow our existing warehouse premises where we have just over two years to run on the current lease, although it has rights of renewal. How far ahead do we need to plan for relocating and what sort of process should we go through?
Answer: John Church, General Manager - Commercial & Industrial, Bayleys Real Estate:
Now would be a good time to start looking at future options, particularly if you are a large company with complex logistical requirements or if you have specific location preferences.
Your first step is to investigate what is currently available in the market and compare with your current premises. Our leasing teams have well developed processes which will produce a short list of leasing possibilities from the configuration, location and cost parameters you provide. These could be existing premises, buildings that are under construction or bare land lots where a developer will build to your requirements.
Your leasing agent can then negotiate further with the owners of any of the properties that are of interest. Don't necessarily dismiss your existing premises either if you like the location and the site is large enough to potentially accommodate an expansion of the building which doesn't compromise the yard area and parking you need. Again a good leasing agent can help you look at the angles here and assist in your lease renegotiations with your landlord should this end up being your preferred option. |
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IN THE MEDIA |
Wall Street tops 16,000 for first time
Nevil Gibson I NBR | Tuesday November 19, 2013
Stocks on Wall Street have topped 16,000 on the Dow Jones industrials index for the first time. The broader S&P 500 index has gone above 1800, as strength in overseas sharemarkets lead investors to push US stocks to fresh record highs. The Dow Jones Industrial Average surged to 16,015 in early trading and has mostly stayed near that level since. On Friday, the blue-chip index climbed 85 points, or 0.5%, to post the fifth record high close in six sessions, and 38th record of the year.
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New $1b Westgate starts rising
Anne Gibson I NZHerald I Tuesday November 12, 2013
The first buildings are about to go up at New Zealand's biggest new urban centre - the $1 billion Westgate town centre at Massey. Mark Gunton, the New Zealand Retail Property Group chairman, and Campbell Barbour, the commercial general manager, said that by January they would have begun building the first of their trade stores on the site.
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OUT NOW |
| Industrial Leasing Focus |
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Total Property |
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OFFICE LEASING FOCUS |
| A selection of warehouse space for lease in the greater Auckland area. |
A selection of office, industrial and retail property for sale in New Zealand. |
A selection of premium and A Grade space in Auckland’s CBD and surrounding areas. |
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OUR SPECIALIST TEAM |
Bayleys Auckland Industrial Leasing Team consists of 27 specialist agents based across three offices -
Maritime Square
4 Viaduct Harbour Avenue
Maritime Square
09 309 6020 |
Manukau
1 Allens Road
East Tamaki
09 273 6666 |
Counties
292 Great South Road
Takanini
09 298 2525 |
Enquiries on any of the industrial tenancies profiled in this newsletter can be directed directly to the listed agent or any general enquiries to Mike Adams, Manager - Auckland Industrial by clicking here. |
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IN THE NEXT EDITION... |
| 'Making the Right Move' - what you need to consider to ensure for an efficient and successful relocation of your business. The next edition of Bayleys Industrial Leasing Focus newsletter will be released in early February - if you have any feedback on what topics or information you would like to see here, or have a question on the relocation process you would like answered, click here to get in touch with us! |
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| © Bayleys Real Estate Ltd, Licensed under the REA Act 2008. |
| Every precaution has been taken to establish the accuracy of the material herein. Prospective purchasers should not confine themselves to the contents but make their own enquiries to satisfy themselves on all aspects. All parties are urged to take legal advice before entering into any contract or agreement regarding the property described herein. |
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