The first Quarterly Vertical Vacancy Review by property services firm JLL indicated the vacancy rate in Auckland's central business district was 7.5 percent in the first three months of the year, with about half of those vacancies concentrated in four buildings.
It said the strong performance of large property developers, Kiwi Property Group and Precinct Properties, particularly in Auckland's Commercial Bay Precinct, had been diluted by substantial vacancies in the Shortland & Fort (formerly Lumley Centre) at 17 percent vacancy and ANZ Centre at 16 percent.
