Letter From the Editor Letter from

Welcome to the first edition of Inspect for 2023.

The themes of flight to quality or flight to function, are still at the forefront of decision making for occupiers, both in respect of the asset and the location of their facility. With some stabilisation in supply chain and online consumer spend, we are seeing a balance of Just-in-Case and Just-in-Time logistics, which is tempering levels of demand, but we are still seeing good levels of enquiry for future growth.

The impacts of inflation are not behind us, having a clear strategy well in advance of the occupation need is critical.

Our markets are tight nationally with Auckland vacancy sitting at 0.1%. Gergely Gaspardy and Zoltan Moricz share their latest industrial market update, in what for many occupiers needing an immediate solution is dysfunctional. When considering facility design considerations, occupiers need to be reviewing their strategy and options three years in advance of their expiries.

We feature a Ruakura Superhub update, as Tainui Group Holdings focus on broadening the occupier profile to present smaller occupiers with the opportunity to be part of this significant development.

Christchurch echoes the tightness of the Auckland market and Scott Bentley in our Christchurch team talks to a recent transaction with Auntie Dai’s and how he has worked with the business to create a future-proofed outcome.

The Industrial & Logistics team at CBRE want to help you navigate the market with confidence and clarity, so please reach out to us as we navigate 2023.

Claus Brewer National Director Industrial & Logistics