JLL's Auckland industrial market dynamics provide property insights into warehouse vacancy rates, rental trends, and transaction activity across precincts.
Insight
12 February 2026
Auckland Industrial Market Dynamics Q4 2025
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The overall industrial vacancy rate for the Auckland region increased to 3.7% in 4Q25 from 2.8% in 2Q25, representing an 80bps rise over the six-month period.
Prime rents increased for two out of five precincts, comprising Auckland City and the North Shore. Prime average net combined rents stand at NZD 221 per sqm p.a.
James Kirkpatrick’s Puhinui Road site of approximately 110,000sqm, with a combination of six warehouses, is planned to be delivered during 2026. This will add circa 60,000sqm of industrial warehouse supply to the market. (or 85,000sqm lettable area if we include canopies).
Auckland industrial remains the most active commercial real estate sector in terms of volume and value of transactions. We have currently identified NZD 352.99 million of sales transactions reported for the second half of 2025, which we project will increase as a result of data reporting lags.
A notable transaction was the sale of 136 Cryers Road, East Tamaki for NZD 10.00 million. Ngāti Whātua Ōrākei Whai Rawa entered into a partnership with Trust Management NZ and the Trust Management Property Fund to acquire a 1.4ha industrial property on Wiri Station Road, marking their first industrial investment.
In November 2025, PFI acquired two properties at 505 and 507 Mt Wellington Highway, Mt Wellington for a combined price of NZD 36.00 million. The properties are leased to J.A. Russell Limited and Johnson & Johnson.