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South Auckland Prime
Industrial square meter rates
Southpark Corporation is meeting the need for smaller
high quality industrial premises with the development at
63 Hugo Johnston Drive in Penrose. It is a Prime Industrial
complex positioned on a 7,900 square meter site and
offers smaller industrial units from 200-1,800 sqm which
tailors to smaller businesses with an appetite for high
quality but smaller premises.
The complex is a short distance from State Highway 1,
Auckland CBD and Auckland Airport is within a 15 minute
commute. It features modern construction finishes, a clear
span warehouse, canopies and floor to ceiling glazed
windows with good heavy vehicle access. Situated in an
area that struggles to cater for the demands of smaller,
modern logistics and warehouse space, the development
is a welcomed sight.
Developments such as this, together with strong demand
is having the effect of pushing up rental rates especially
for prime quality premises and creating a widening gap
between those of older construction and lower grades.
In the more traditional, more centralised industrial
localities, Knight Frank are seeing industrial face rental
rates push upwards of $120psm and $230psm for
warehousing and office components respectively.
AUCKLAND
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PROPERTY VIEW 2015
Figure 4.
South Auckland - Prime Industrial $sqm rates
Office Warehouse
$
300.00
250.00
200.00
150.00
100.00
50.00
0.00
2013
2014
2015
2016 (F)