As Q3 2025 draws to a close, Auckland’s commercial and industrial property market is showing resilience, supported by the recent OCR drop to 3%, and further reductions expected this year. Sales activity remains strong for well-located, quality assets, while leasing demand is weaker across the main industrial hubs.
Sales
While buyers remain cautious, the rate cut is set to stabilise yields, particularly in the industrial sector, which continues to dominate sales activity in both value and volume. Prime ‘A’ grade assets with strong tenants in sought-after locations are holding their value, while secondary properties need sharper pricing to attract demand. Overall, values have eased by around 10% from peak levels, though prime industrial has proven to be the most active in the commercial real estate sector.
Leasing
Leasing activity across Auckland’s industrial sector remains weaker, with vacancy sitting at circa 3%. Landlords are showing greater flexibility, offering incentives such as rent-free periods to secure quality tenants. At the same time, more businesses are downsizing, merging, or exiting, which is opening up more opportunities for new ventures and forward thinking operators to grow their market share. If you’ve got a vacancy on the horizon, now’s the perfect time to get ahead of the market with strategic refurbishment, competitive rates, or tailored leasing incentives.
Property Management
Demand for commercial property management remains strong as landlords navigate rising costs and changing tenant expectations. Industrial and commercial tenants continue to compete for quality space, seeking flexibility, strategic location and well-maintained facilities. The recent OCR cut is expected to bring yield stability, creating an opportunity for proactive management to enhance income and asset performance.
We’re currently offering landlords the opportunity to try our property management services free for the first three months. If you want peace of mind without the paperwork, we’ve got you covered.
Offer ends 31 March 2026.
