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 (2018) shows vacancy rates hold at historically low levels. The vacancy rate in East Tamaki is approximately 3.4%. Industrial yields sit at 5.4% reflecting the ongoing demand for property assets in a low interest rate environment. These returns have however continued to to provide a premium over risk free alternatives.
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 - a world-class mixed-use development that brings people and industry together in an exceptional natural landscape. In August 2017 Goodman announced $70.5 million of new investment at Highbrook including Gateway Warehouse Developments earmarked for $46 million of development spending. This $1.2 billion estate is expected to be over 90% developed within the next three years (by 2020).
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