Situated between both Spark Arena and Britomart, Precinct’s 30 Mahuhu boasts the benefits of a CBD fringe o ice space.
O ce Occupier Moves
Deep dive into the top o ice occupier moves of 2023 and 2024
AI in the Workplace
The Role of AI in Workplace Technology: 10 Ways Companies are Maximising its Impact
Featured articles
Refurbished and Ready
Situated between both Spark Arena and Britomart, Precinct’s 30 Mahuhu boasts the benefits of a CBD fringe office space. 26
42
Office Occupier Moves
Deep dive into the top office occupier moves of 2023 and 2024.
AI in the Workplace
The Role of AI in Workplace Technology: 10 Ways Companies are Maximising its Impact. 54
Welcome
Welcome to Workspace, our biannual magazine showcasing office solutions and insights.
Our leasing team are pleased to see a significant uptick in the 2025 second quarter, after a relatively quiet first quarter in terms of transactional activity. We expect this was largely due to global uncertainty and decisions being delayed, allowing occupiers to take an understandable wait-and-see approach. ‘Flight-to-quality’ is a term thrown around generously in leasing markets, but as you will be able to see in more detail in our ‘Major CBD Office Occupier Moves’ article, this trend is present in nearly every lease in Auckland above 1,000sqm. This narrative is making it crystal clear that ‘flight-to-quality’ is not just a buzzword, but a market movement.
In this issue of Workspace, we take a closer look at our cover property – Ngāti Whātua Ōrākei’s precinct, Te Tōangaroa. The newest refurbishment at 30 Mahuhu Crescent, which, in collaboration with the joint venture owners Ngāti Whātua Ōrākei, Precinct Properties and PAG, has had a modern refit and breathed new life into the building situated on the east of Auckland’s CBD. For those looking for modern amenities, café, bike storage, large floor plates and plenty of parking, this may be the space for you and your team.
Artificial Intelligence continues to gain momentum across various industries. In this issue of Workspace, we examine its global integration into the workforce and highlight ten key ways it is transforming modern workplaces.
We hope you enjoy this issue of Workspace, and should you wish to have a chat with the Office Leasing team here, then please don’t hesitate to contact one of our team members, everyone’s details are on the back of this magazine, and we’re here to find you an office solution.
CAMPBELL PRITCHARD
National Director, Office Leasing, New Zealand
Emerging commercial office precinct between Spark Arena and Britomart. Brand new office spaces available now.
Owned and managed by Precinct in partnership with Ngāti Whātua Ōrākei.
30 Mahuhu Crescent
This office building comprises five levels of modern office space and three basement levels of car parking. It has been fully refurbished to include a brand-new lobby and café, ground floor office suites and new kitchens, flooring and lighting on all levels.
Its location is excellent for commuters from the eastern suburbs and coming off the motorway at Port. Access to the secure bicycle storage room and end of trip facilities is directly off Quay Street. It is a 5 minute walk to Britomart and 10 minutes to Commercial Bay.
8 Tangihua Street
8 Tangihua Street provides a modern office campus with a 4 Green Star built rating, having recently received a $4m refurbishment. This building offers large campus-style floor plates of 2,053sqm with modern amenities like its lobby and end of trip facilities.
8 Tangihua also offers brand new turnkey suites with various options for smaller businesses wanting a great central office location.
End of trip facilities
Adjacent to Mahuhu ki te Rangi Park
café
Character in the CBD
Prestigious Heritage O ering
131 QUEEN STREET, AUCKLAND CBD
Secure the best character o ice space in the city. Levels 7 & 8, 131 Queen Street comprising of approx. 1,340sqm and featuring expansive entertaining terraces on both floors. This is Auckland’s most civilised o ice tenancy.
The building has been meticulously restored with a blend of historic charm and modern features. Access is through a newly completed lobby with art deco finishes.
The space o ers wide board oak floors, 4.2 metre stud height, and premium quality bathrooms. Fitout and design packages are available from award-winning Izzard design.
Smaller character suites are also available, ranging from 70sqm to 407sqm.
AVAILABLE FOR LEASE
www.cbre.co.nz/AKL101016
Please contact your agent for more information
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
What a Location
Options for Everyone
CITIGROUP CENTRE, 23 CUSTOMS STREET, AUCKLAND CBD
The Citigroup Centre is located in a vibrant CBD location on the corner of Customs and Commerce Streets, minutes away from public transport, including trains, buses, and ferries. The high-quality food and beverage o erings of Snickel Lane and full end-of-trip facilities make this an attractive workplace for sta and an exceptional home for your business.
Citigroup Centre recently achieved a 5-star NABERSNZ base building rating through the installation of solar panels, energy monitoring, and building tuning.
Argosy has successfully reduced the base building’s energy load by 27%. Argosy continues to be marketleading in driving performance, underscoring its commitment to energy e iciency.
AVAILABLE FOR LEASE
www.cbre.co.nz/2247827Q1
Please contact your agent for more information
Chad Crenfeldt-Smith
021 055 3830
chad.crenfeldt-smith@cbre.co.nz
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Mid-town Revival
The Huawei Centre
120 ALBERT STREET, AUCKLAND CBD
The Huawei Centre, located in the mid-town of Auckland’s CBD, enjoys refreshing views of the growing city as well as well as being a convenient location for businesses and guests alike.
The building is situated between the two future Te Waihorotiu train stations, and boasts access to over 700 undercover carparks.
On o er are flexible o ice spaces, leasing incentives and a variety of di erent fitouts to suit all types of business needs.
AVAILABLE FOR LEASE
18 (3A) 169sqm 9 (2)
16 (1) 419sqm 6
www.cbre.co.nz/AKL101154
Please contact your agent for more information
Chad Crenfeldt-Smith
021 055 3830
chad.crenfeldt-smith@cbre.co.nz
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
A home for your business
Generator provides everything you need to make a home for your business.
We offer flexible, fully serviced workspaces designed for modern ways of working.
You’ll be looked after by a team of business and hospitality professionals who’ll make sure you have everything
Located in the heart of Wynyard Quarter, this is a light, bright office with breakout space and amenity right outside your door.
• 18 Workstations
• No CapEx and flexible term
• All the perks of a Generator Membership
Premium Boutique CBD O ces
33 FEDERAL STREET, AUCKLAND CBD
This contemporary property is ideally situated near popular amenities such as Commercial Bay, the Viaduct, and Queen Street. It features a high car park ratio and provides excellent motorway access. Additionally, it is just a short walk to the ferry terminal, the Britomart transport hub, and various bus stops. On-site, you’ll find The Daily Bread Cafe, and most o ice floors o er stunning views of the Viaduct and Harbour Bridge.
AVAILABLE FOR LEASE
*Plus deck (26sqm)
www.cbre.co.nz/AKL100531
Please contact your agent for more information
Chad Crenfeldt-Smith
021 055 3830
chad.crenfeldt-smith@cbre.co.nz
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Location is Everything Group M House
22 FANSHAWE STREET, AUCKLAND CBD
The building is exceptionally located close to all amenities in Commercial Bay, Britomart, the CBD, Viaduct Harbour, and Wynyard Quarter.
Transport links are an easy walk to all bus, ferry, and train terminals. Motorway access is also very convenient in any direction complemented by the on-site car parking and public parking opposite in downtown car park for visitors.
End-of-trip facilities and on-site café provide good amenities for all users. Good levels of natural light throughout the building with sea views still enjoyed from low levels.
AVAILABLE FOR LEASE
www.cbre.co.nz/AKL101521
Please contact your agent for more information
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
As exclusive agents, CBRE is proud to o er an exciting new opportunity within Shortland and Fort, 88 Shortland Street. Occupying a prominent position overlooking the Waitematā Harbour, the fully refurbished Premium Grade o ice tower now provides occupiers with a direct connection to Britomart and Commercial Bay along with Premium building services and Amenity.
An award winning, brand new Fort Street entry puts the building on the doorstep of Britomart (150m from the nearest train station entrance) and the beautiful new Shortland Street lobby and exclusive business centre, o ers Premium amentiy throughout.
The multi-million dollar refurbishment also includes upgraded main lobby (including an outdoor deck), new Fort Street lobby with licensed café operator, upgraded exclusive tenant only business centre and gym and new end-of-trip facilities.
The o ice Tower is currently full, however, a opportunity is available May 2025 for two fitted tenancies of 344sqm or 383sqm. These tenancies can also be combined as one space of approx 740sqm to suit businesses of 60-70 sta . Join the exciting new crop of businesses at Shortland & Fort.
www.cbre.co.nz/AKL100210
15.C 344sqm Available May 2025
15.D 383sqm Available May 2025
Combined 740sqm Available May 2025
NZX Centre
Location, Location, Location
45 QUEEN STREET, AUCKLAND CBD
Ideally located on the high-profile corner of Queen Street & Customs Street, the NZX Centre sits above luxury retail and is moments from retail and hospitality o erings in Commercial Bay, key transport connections in Britomart and Auckland’s Waterfront. These o ices occupy one of the best locations in Auckland’s CBD.
Equipped with end-of-trip facilities (scheduled for upgrade in 2025), on-site parking, on-site café, and benefiting from excellent surrounding amenity the building has plenty to o er any occupier.
AVAILABLE FOR LEASE
13 948sqm 6 943sqm
8 503sqm 5 943sqm
7 395sqm
www.cbre.co.nz/AKL101519
Please contact your agent for more information
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Campbell Pritchard
021 870 614
campbell.pritchard@cbre.co.nz
Make Your Mark
Generator Pipri Lane
124 HALSEY STREET, WYNYARD QUARTER
Generator Pipiri Lane is New Zealand’s first crosslaminated timber coworking and events space. With a 6 Star Green Star rating, it’s one of Auckland’s most sustainable buildings, blending innovation, environmental responsibility, and forward-thinking design.
For businesses seeking premium workspace, Pipiri Lane o ers boutique o ices with 4-15 workstations on fully flexible memberships. With Generator’s top-tier service and a thriving community of innovators, it’s designed to attract talent, clients, and collaborators.
Right outside, you’ll find Halsey Traders café, a dedicated meeting suite, and a premium event venue. Generator takes care of everything—from tiles to teaspoons— removing capital outlay and risk. With one predictable monthly invoice, you can focus on what you do best while we handle the rest.
www.cbre.co.nz/AKL101483
Please contact your agent for more information
Chad Crenfeldt-Smith
021 055 3830
chad.crenfeldt-smith@cbre.co.nz
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
ANZ Centre
Premium, Through & Through!
23-29 ALBERT STREET, AUCKLAND CBD
The ANZ Centre is a landmark premium-grade o ice tower in Auckland’s skyline. It boasts excellent amenities such as end-of-trip facilities, a spacious lobby and café, ample parking, and convenient access to all motorways, making it an ideal base for your business needs.
Part of level 34 o ers a 671sqm fully fitted tenancy with some of the best views in Auckland CBD. This space includes a luxury entrance waiting area, board room, two meeting rooms, a modern kitchen with a breakout area, and an open-plan layout for approx. 50 sta with sit/stand workstations. Additionally, part of level 12 can be fitted out by the landlord to provide a turnkey suite for businesses with up to 50 sta .
The ANZ Centre has two exceptional fully fitted tenancies which are all set up to take your business to the next level!
AVAILABLE FOR LEASE
www.cbre.co.nz/0400508Q2
Please contact your agent for more information
Campbell Pritchard
021 870 614
campbell.pritchard@cbre.co.nz
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
66 Wyndham Street
Striking Presence on Wyndham
66 WYNDHAM
STREET, AUCKLAND CBD
66 Wyndham Street is a well refurbished A-Grade o ice building that provides a striking presence along Wyndham Street. The refurbishment has seen an upgrade of the ground floor lobby, end-of-trip facilities, as well as various mechanical and seismic upgrades.
The building also features an on-site concierge, well-appointed gym, Mojo Co ee, as well as secure underground parking.
Opportunities exist for part floor tenancies to suit SME’s up to two (2) contiguous floors (circa 2,100sqm) for larger requirements.
Join the new crop of tenants enjoying 66 Wyndham Street!
www.cbre.co.nz/1006021Q4
Please contact your agent for more information
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
Campbell Pritchard
021 870 614
campbell.pritchard@cbre.co.nz
QBE Centre
Stunning Fitted Suites
125 QUEEN STREET, AUCKLAND CBD
This landmark building, situated at the prime intersection of Queen and Shortland Streets in Auckland’s CBD, o ers exceptional amenities as well as location. It features an on-site childcare facility, a yoga studio, an upscale lobby café, and a New World supermarket. Additionally, Regus will be opening a flexible workspace in the building very shortly.
Six beautifully fitted tenancies have just been completed in the tower, providing comprehensive solutions for businesses, four of which have already been leased!
The remaining spaces are leasing quickly, so enquire now to secure your spot. The fitted tenancies range from 117sqm to 307sqm, accommodating businesses with five (5) to 35 sta , flexible terms available to suit your needs. Larger full-floor tenancies are also available for larger requirements.
AVAILABLE FOR LEASE
Suites ranging from 117sqm – approx 1,400sqm (two floors)
www.cbre.co.nz/0407536Q4
Please contact your agent for more information
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
Campbell Pritchard
021 870 614
campbell.pritchard@cbre.co.nz
Refurbished o ce building on Auckland’s Quay Street now ready for lease
A five-level o ice building situated adjacent to Spark Arena, near Britomart in central Auckland is now available for lease, o ering businesses the opportunity to secure space in a high-profile property with large floorplates and superior functionality at a ordable rental rates.
Sitting on the corner of Quay Street and Mahuhu Crescent, the property has 7,785sqm of floor area available. There is approximately 720sqm of space on the ground floor that is split into two fully fitted o ice suites with kitchens, meeting rooms, and bathroom facilities. The floorplates across the upper four levels range in size from 1,606sqm to 1,680sqm, supporting up to 160 people per floor.
Levels 1 to 4 have multiple outdoor balconies with northern views of the Waitematā Harbour and southern views over Māhuhu-ki-te-rangi Park to the rear.
This growing commercial precinct is o icially known as Te Tōangaroa and comprises about 20ha of land from Tangihua Street east to The Strand, which is owned by Ngāti Whātua Ōrākei making it the first urban tangata whenua-owned precinct in Tāmaki.
In 2023, Ngāti Whātua Ōrākei formed a joint venture with Precinct Properties and global investor, PAG, to invest in the regeneration of this precinct.
The building’s profile and functionality will be highly appealing for those looking for a new premises
The investment includes ownership and property management of the buildings at 30 Mahuhu Crescent and 8 Tangihua Street. There are three floors of basement parking, providing 135 total parking spaces, a considerable number for a property in this location.
CBRE and Colliers have been jointly appointed to lease the property at 30 Mahuhu Crescent. Campbell Pritchard, National Director of O ice Leasing at CBRE, says prospective tenants have a range of options available to them and could take one or multiple floors, while there is scope for one entity to lease the entire building.
“The building’s profile and functionality will be highly appealing for those looking for a new premises and it may o er an opportunity for businesses to expand or rightsize their operations,” Pritchard says. “Having the chance to acquire the naming rights for the building adds another angle for future tenants to explore that will help boost their brand visibility on a property that has significant exposure to passing tra ic and pedestrians.”
Stefan Winstanley, Director of O ice Leasing at CBRE, says the building was previously occupied by BNZ before they relocated last year giving Precinct the opportunity to fully refurbish it.
Campbell Pritchard National Director
ice Leasing | CBRE
Stefan Winstanley Director
ice Leasing | CBRE
“The work included updating the ceilings, flooring, lighting, bathrooms and removing an internal stair to create a void in the centre of the building allowing plenty of natural light into each floorplate,” Winstanley says.
“The lobby has been completely redesigned, with a unique timber ceiling reflecting the hull of a waka and a new cafe will set up shop in this stunning new space shortly that is ready for its new occupants.”
Britomart station is a short walk away o ering connectivity to many parts of Auckland via the rail network, while the City Rail Link will provide further transport options from next year. There are multiple bus routes that are readily accessible, while the ferry terminal is also nearby.
Sam Gallaugher, Director of O ice Leasing at Colliers, says future tenants will benefit from modern end-of-trip facilities, including showers, digital lockers, and a secure bike storage facility directly accessible o Quay Street.
“The property has a 5 star Green Star As Built rating, which represents best practice and should assist future tenants to meet their sustainability goals,” Gallaugher says.
“An ongoing consideration for businesses is their environmental footprint and occupying a sustainably focused premises is one way they can contribute to being a good corporate citizen.”
Paul Dyson, Director of O ice Leasing at Colliers, says future tenants will benefit from being so close to the amenities in Auckland’s CBD.
“Prominent live entertainment venue Spark Arena is next door, while a host of award-winning restaurants and bars are only moments away,” Dyson says.
“Having the opportunity to lease space in a modern, refurbished o ice with enviable views and this level of connectivity to transport options is one not that is not to be missed.”
For more information and to enquire on this opportunity go to page 2, or contact the joint master agents below:
Campbell Pritchard
021 870 614
campbell.pritchard@cbre.co.nz
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
The lobby has been completely redesigned, with a unique timber ceiling reflecting the hull of a waka and a new cafe will set up shop in this stunning new space shortly that is ready for its new occupants
Stefan Winstanley Director O ice Leasing | CBRE
Perfectly Located O ice Space Vero Centre
Seize the unique opportunity to join the Vero Centre community, located in a prime position on Auckland’s most prestigious legal and financial street. This building, a testament to enduring design and functionality, features an upscale hotel-style main lobby, complete with meeting spaces for both guests and tenants, a concierge service, and exceptional hospitality provided by the Pavilion restaurant, café, and catering. Additionally, a modern corporate gym, wellness centre, and updated end-of-trip facilities are easily accessible.
The expansive 1,200sqm floor plates have been thoughtfully designed to ensure high spatial e iciency. The central core and column-free layout can support a variety of fit-out styles and working practices. Complete turnkey fit-out solutions are available.
AVAILABLE FOR LEASE
*Linked by interconnecting staircase
www.cbre.co.nz/1907619Q1
Please contact your agent for more information
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Campbell Pritchard
021 870 614
campbell.pritchard@cbre.co.nz
48 SHORTLAND STREET, AUCKLAND CBD
Premium Sub-Lease
Level 28, Vero Centre
VERO CENTRE, 48 SHORTLAND STREET, AUCKLAND CBD
Located in the heart of Auckland’s financial district, the Vero Centre is one of New Zealand’s most prominent and iconic tower. The current tenants enjoys ample car parking, five podium public and conversation spaces, and 32 o ice levels. The building o ers superb amenities, extensive end-of-trip facilities and at lobby level, The Pavilion café and co ee takeaway kiosk .
CBRE is excited to bring a superb upper floor in the tower, level 28 to the market which available on a sub-lease and contains a premium quality modern fitout to suit 150 sta . The floor also enjoys stunning views over the Waitemata and across to the city. The space is ready to go!
Join the host of leading New Zealand businesses in one of the best commercial o ice buildings in the country - the Vero Centre.
AVAILABLE FOR LEASE
www.cbre.co.nz/AKL101167
Please contact your agent for more information
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Chelsea House
85 FORT STREET, AUCKLAND CBD
The refurbishment 9-storey Chelsea House is a stunning piece of Auckland’s history preserved to provide modern and functional commercial o ice spaces. Situated near the intersection of Fort Street & Customs Street East, just minutes from the waterfront and Parnell, and seconds from Queen Street and Britomart (bus, train and ferry terminals). The vibrant neighbourhood boasts buzzing restaurants and bars, world-class fashion boutiques and interesting art spaces.
Please contact your agent for more information AVAILABLE FOR LEASE
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Chad Crenfeldt-Smith
021 055 3830
www.cbre.co.nz/AKL101524
chad.crenfeldt-smith@cbre.co.nz
Elevate your nine-to-five.
Elevate your nine-to-five.
Elevate your nine-to-five.
Alber ts offers a range of office suites sized to suit 1-100+ pax. Alber ts office spaces are uniquely suppor ted by our shared economy, which includes concierge services, bookable meeting rooms, and shared collaborative workspaces The shared economy is designed to suppor t diverse business requirements and become an extension of your office space and needs
Alber ts offers a range of office suites sized to suit 1-100+ pax. Alber ts office spaces are uniquely suppor ted by our shared economy, which includes concierge services, bookable meeting rooms, and shared collaborative workspaces The shared economy is designed to suppor t diverse business requirements and become an extension of your office space and needs
Alber ts offers a range of office suites sized to suit 1-100+ pax. Alber ts office spaces are uniquely suppor ted by our shared economy, which includes concierge services, bookable meeting rooms, and shared collaborative workspaces The shared economy is designed to suppor t diverse business requirements and become an extension of your office space and needs
Experience community, engagement , and employee experience on attractive terms. Enjoy access to high-end facilities within the por tfolio, on-site Concierge, aspirational meeting areas, and premium Club Lounge spaces - all as par t of your working day.
Experience community, engagement , and employee experience on attractive terms. Enjoy access to high-end facilities within the por tfolio, on-site Concierge, aspirational meeting areas, and premium Club Lounge spaces - all as par t of your working day.
Experience community, engagement , and employee experience on attractive terms. Enjoy access to high-end facilities within the por tfolio, on-site Concierge, aspirational meeting areas, and premium Club Lounge spaces - all as par t of your working day.
Chad Crenfeldt-Smith 021 055 3830 chad crenfeldt-smith@cbre conz
Chad Crenfeldt-Smith 021 055 3830 chad crenfeldt-smith@cbre conz
Stefan Winstanley 021 709 272 stefan winstanley@cbre conz
Chad Crenfeldt-Smith 021 055 3830 chad crenfeldt-smith@cbre conz
Stefan Winstanley 021 709 272 stefan winstanley@cbre conz
Stefan Winstanley 021 709 272 stefan.winstanley@cbre.conz
87 Albert Street, Formery
1 Albert Street, 1 Albert
87 Albert Street, Formery
1 Albert Street, 1 Albert
87 Albert Street, Formery
110 Customs Street West, Harbour Collection
87 Albert Street, Formery
1 Albert Street, 1 Albert
87 Albert Street, Formery
110 Customs Street West, Harbour Collection
High-Profile CBD Location
Newly fitted suites available
205 QUEEN STREET, AUCKLAND CBD
205 Queen Street provides high-performing, newly fitted out workspaces that cater for business growth and all size requirements. Column-free floorplates enable you to maximise the workable space allowing occupancy of an entire floor, without paying a premium for privacy.
The contiguous top levels o er spacious full floors with breathtaking views for larger tenants and the ability to divide for smaller businesses. Recently finished furnished spec suites o er turn-key quality in various sizes.
The building o ers top-notch amenities like new end-of-trip facilities, a business lounge in the mezzanine with bookable meeting rooms for occupiers, plus planned upgrades and close access to the future Te Waihorotiu Station (Central Rail Link) for a premium tenant experience.
www.cbre.co.nz/1012869Q3
Please contact your agent for more information
Chad Crenfeldt-Smith
021 055 3830
chad.crenfeldt-smith@cbre.co.nz
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
Primed on Shortland
Exceptional Refurbishment
34 SHORTLAND STREET, AUCKLAND CBD
Located in Auckland’s Legal and Financial precinct, the revitalized 34 Shortland Street is a 17-storey building that showcases the city’s commercial history.
With extensive refurbishments, it o ers modern o ices, enhanced services and amenities, including a refurbished lobby with onsite café and end of trip facilities.
The building boasts a 100% NBS seismic rating and is targeting a 4 star NABERSNZ.
Its prime location near Britomart, Commercial Bay, and Queen Street ensures excellent connectivity to amenities and public transport, including the upcoming City Rail Link extension. Various occupancy options, including part and full floors, are available, along with on-site car parking.
www.cbre.co.nz/AKL100858
Please contact your agent for more information
Chad Crenfeldt-Smith
021 055 3830
chad.crenfeldt-smith@cbre.co.nz
Stefan Winstanley
021 709 272
stefan.winstanley@cbre.co.nz
Major CBD O ce Occupier Moves
A host of sometimes conflicting factors has bu eted post-pandemic o ice occupiers
By Bianca Cornforth Senior Research Analyst Research New Zealand, CBRE
Smaller space requirements due to hybrid working versus return-to-work mandates, Flight-to-quality versus cost control,
Locational centralisation versus employee resistance to commute, Right-sizing headcounts to weather the recession versus being well-positioned for future growth.
Which of these trends are supported by data?
CBRE’s Research dove deep into the top occupier moves of 2023 and 2024, across Auckland’s CBD, including Wynyard Quarter on the west, Quay Park on the east, and as far as Karangahape Road to the south.
Included are occupier moves in all of 2023 and 2024, focusing on occupier moves where the tenant‘s take-up was 1,000sqm or more, and ranked these from largest to smallest, by year.
Positive numbers show the size of the space taken up and negative number the space the occupier left behind when occupiers departed. Colours show the quality grade of the space taken up and departed from. As an example, occupier 8 (highlighted) left a 4,500sqm B-grade space (bright green) and moved to a 2,300sqm A-grade space (almost black).
In a nutshell, what does this graph on the following page say?
There were more 1,000+ sqm moves completed in 2024 than in 2023 (29 in 2024, 18 in 2023). Flight-to-quality is popular, although a change of scene can be just as good for Prime occupiers. In 2024, three in four occupiers who took up space expanded, rather than contracted.
By SQM & Grade | Auckland CBD & Wynyard Quarter
Flight to quality, flight to value, or just a change of location?
Although the last two years have been economically tough, at the top end of town the flight to quality trend held, with relocations to the same or better grade in 93% of 2023 transactions, and 100% of 2024 transactions. In our 2023 sample 7% of occupier chose to drop a grade, while in 2024 there were none. From this we can say that contraction played a minor role in 2023’s occupier moves, while in 2024 the focus was on maintaining or improving larger occupiers’ positioning ready for the next economic growth phase.
Of occupiers who relocated 2024 2023
Positioning didn’t always mean a change of scene, however…
In both 2023 & 2024, approximately 1 in 5 transactions resulted in an occupier staying in the same premises though expanding their footprint. Around 4 in 5 were relocations to a di erent tenancy, either in the same building or a di erent one. New entrants didn’t play much of a role in this space in 2023 and 2024, with only one new entrant in our sample in 2023, and none the following year.
Expansion vs contraction – which was dominant?
When we considered all the moves by size, we found the occupiers often chose expansion (76% in 2024, 78% in 2023). Contractions took place in around 1 in 5 occupier moves over both years (17% in 2023, 21% in 2024).
Four key occupier trends are evident in the Auckland CBD market:
Brand new or existing?
Destination of occupiers who relocated 2024 2023
New o ice buildings in the CBD tend to be Prime (Premium or A-grade) quality and attract large tenants willing to commit to long leases of 9+ years. In 2024, 31% of occupier moves were to brand new or newly refurbished buildings, up from 22% in 2023. The biggest moves in 2023 and 2024 are mostly driven by new buildings, either directly as occupiers move to the new space, or indirectly as the backfill vacancy spaces they’ve left are taken up.
2023’s biggest moves were driven by the completion of 1 Queen Street, with Deloitte taking up over 7,600sqm of o ice space and naming rights, with bankers BNZ taking up the space Deloitte had vacated at 80 Queen Street in 2024. Bell Gully also moved in 2023, leaving the Vero Centre, and went to 1 Queen Street.
New addition 50 Albert absorbed 4 of the ten largest take-ups in 2024, including Spark (#1), FNZ (#3), Regus (#6) Milford Asset Management (#10), while the fourth biggest move was Zuru, who took a sublease of just under 4,000sqm in the former Spark HQ.
1
2 3 4
New and newly refurbished buildings drive larger occupiers moves in the market, but almost 70% of 2024 moves were into existing buildings.
Flight to quality is aspirational, while holding at the current quality level is also a popular choice, while there is no interest in quality downgrades.
The major driver for new space Prime availability in existing buildings in 2023-2024 was occupier moves to new building.
3 in 4 of occupiers in 2024 chose to implement an expansion strategy in 2024.
Outstanding Value and Location
www.cbre.co.nz/AKL101166 101 CARLTON GORE ROAD, NEWMARKET
Please contact your agent for more information
101 Carlton Gore Road o ers quality corporate o ice spaces for lease, with areas ranging from 473 to 988sqm. Targeting 4 Star NABERSNZ, it boasts modern, energy-e icient fit-outs and ample secure basement parking. Its prime location provides easy access to Newmarket amenities, transport links, and the Auckland Domain. AVAILABLE FOR LEASE
Nick Theyers
021 265 4667
nick.theyers@cbre.co.nz
Omri Yahel
021 791 165
omri.yahel@cbre.co.nz
New ways of working...
The perfect workplace.
With a range of solutions available that cater to businesses big and small, CBRE’s Workplace services team delivers an essential service when you are considering your future workplace requirements. We provide the strategies and the tools you need to align your workplace to the way you work and your business objectives.
Contact us today to redefine the way your business works, with a workplace environment that meets the needs of your people, your clients, and your business strategy. cbre.co.nz/workplace-solutions
Kirstin Cooper Associate Director | Workplace Consultant 021 283 1303 kirstin.cooper@cbre.co.nz
Premier Turn Key O ce
Performance & Sustainability
2-4 GRAHAM STREET, AUCKLAND CBD
Situated atop the northern ridge of Auckland’s Victoria Quarter, 2-4 Graham Street o ers a prime central location with excellent access and enriched with amenities.
Available for lease are two o ice spaces on Level 3, with areas of 1,344sqm and 1,836sqm. Both spaces feature modern, high-quality fit-outs and adjoin the full-height internal glazed atrium. This premium building is distinguished by its 5 Green Star accreditation, 4.5 Star NABERS rating, Gold WiredScore, and Grade A seismic performance.
Your sta will enjoy the wealth of amenities, including various food and beverage options, neighbouring Les Mills gym, and premium end-of-trip facilities. O ice spaces of this quality are seldom available, so contact us today to arrange a viewing.
AVAILABLE FOR LEASE
www.cbre.co.nz/AKL101429
Please contact your agent for more information
Nick Theyers
021 265 4667
nick.theyers@cbre.co.nz
Matt Hockey
021 897 465
matt.hockey@cbre.co.nz
A New Modern Heritage Augustus Parnell
6 AUGUSTUS TERRACE, PARNELL
Imagine the ease of a workday in this light-filled, architecturally-designed space. A distinctive new landmark in Auckland’s Parnell, Augustus is an address you’ll be proud to call your own.
This stunning building will consist of multi-level retail, car parking and o ice space. Drawing on the rich merchant history of Parnell, We’re proud to create a modern heritage space for the forward-thinking enterprise.
Augustus is an undeniably stylish environment your team will love being a part of. And with its on-site parking and vibrant hospitality scene, it’s a destination your clients will look forward to visiting.
AVAILABLE FOR LEASE LEVEL AREA
8 1,198sqm office + 97sqm deck
7 1,307sqm office + 54sqm deck
6 1,879sqm office
5 1,876sqm office
www.cbre.co.nz/AKL100308
Please contact your agent for more information
Nick Theyers
nick.theyers@cbre.co.nz
021 265 4667
Omri Yahel
omri.yahel@cbre.co.nz
021 791 165
The Role of AI in Workplace Technology: 10 Ways Companies Are Maximising its Impact
Artificial intelligence (AI) has become a fundamental component of modern workplace technology. Whether optimising individual productivity, automating processes or o ering predictive insights, AI can serve as a core enabler of strategic transformation.
To achieve AI deployment at scale, companies must align AI use cases with business strategy. In this article, we discuss 10 ways that companies can leverage AI to drive e iciency, enhance decision-making and improve employee experiences—unlocking value across the entire real estate lifecycle.
Today’s workplace technology solutions include the consideration of AI as a core element. AI, in this context, refers to the capability of machines to perform tasks that typically require human intelligence, such as learning, reasoning, problem-solving and decision-making.
The goal is to enhance workplace operations and create smarter, more adaptive environments that align with business objectives and employee needs.
AI’s Growing Importance in Workplace Technology
As AI becomes more prevalent in the workplace, companies are increasingly providing guidelines on its responsible use. These directives are designed to help employees harness the benefits of AI while ensuring ethical, secure and compliant applications. Key areas of focus include balancing AI’s potential with responsible usage, ensuring data privacy, maintaining transparency in AI-driven processes and keeping human oversight at the centre of decision-making.
Workplace technology solutions are also evolving to incorporate AI more seamlessly. Whether through Integrated Workplace Management Systems (IWMS), Internet of Things (IoT) integrations or employee experience platforms, AI is driving new levels of insights, e iciency, accuracy and personalization.
Below are some of the top ways AI-enabled workplace technology solutions are shaping the future of work.
01
Space Utilisation and Optimisation
AI is revolutionising how companies manage their o ice spaces by analysing workplace occupancy and utilisation data to optimise space use. AI algorithms can predict future space requirements based on historical data and emerging trends, enabling organisations to make informed, data-driven decisions about o ice layouts, capacity planning and the adoption of hybrid work models. Predictive AI insights can help companies strike the right balance between collaborative, individual, reservable and dedicated spaces, ensuring the o ice environment meets the evolving needs of their employees.
02
Smart Workplaces
AI is a key enabler of smart workplace initiatives, and AI-powered IoT integrations can help companies create more responsive and energy-e icient environments. By integrating AI with IoT devices and sensors, real-time adjustments to lighting, HVAC and other building systems can be automated based on occupancy and usage patterns, leading to significant energy savings and improved employee comfort—critical components of a sustainable solution. For example, AI can automatically adjust the temperature in meeting rooms based on the number of attendees or dim the lights in unoccupied areas to conserve energy. CBRE’s Smart FM automated maintenance determines when to deploy maintenance technicians to a site, reducing planned preventative maintenance hours, and associated costs, by 10-15%.
03
Enhanced Employee Experience
AI-powered workplace technology is increasingly focused on enhancing the employee experience by streamlining and personalising services. From personalised workspace recommendations to automated service requests, AI helps create a more seamless and intuitive environment for employees. AI-enabled solutions assist employees in finding available rooms, booking optimal workspaces and engaging with virtual assistants. Additionally, AI-driven tools can arrange services like catering or cleaning, while digital assistants and chatbots help employees navigate facilities, access resources and complete tasks more e iciently. These features reduce friction in the workplace, allowing employees to focus on their core responsibilities.
04
Data-Driven Decision-Making
AI is enabling data-driven decisionmaking at an unprecedented scale. Solutions are increasingly using AI to analyse vast amounts of data collected from various sources, including occupancy sensors, energy meters and employee feedback. These insights provide facility managers and business leaders with actionable intelligence to optimise real estate portfolios, enhance workplace safety and align operational decisions with business goals. AIdriven predictive analytics also help organisations identify trends and patterns that may not be immediately apparent, leading to more informed and strategic decisions.
05
Automation of Administrative Tasks
AI is helping to automate routine administrative tasks that were once timeconsuming and prone to error. In IWMS platforms, AI can handle tasks such as work order management, scheduling and resource allocation with minimal human intervention. Automating these processes frees up facility managers to focus on more strategic activities, improving overall productivity. For example, AI can prioritise maintenance requests based on urgency or assign tasks to available personnel based on skill sets and workloads. This automation not only increases e iciency and reduces the risk of human error but also improves service delivery times.
06
Advanced Scenario Planning and Simulation
AI’s ability to model complex scenarios and simulate future outcomes is revolutionising workplace planning. IWMS and Computer Aided Facility Management (CAFM) solutions now feature AI-driven tools that can simulate various scenarios, such as changes in workforce size or shifts in remote work policies and predict their impact on space requirements. This capability allows organisations to plan for future needs with greater accuracy and confidence. For instance, AI’s scenario simulation can help businesses anticipate how a return to o ice might a ect space utilisation or how di erent workplace configurations might impact employee productivity and collaboration. The moment to drive proactive and strategic decision-making.
07
Integration with Emerging Technologies
AI is increasingly integrating with other emerging technologies—such as digital twins, augmented reality (AR) and blockchain—to create more sophisticated workplace management solutions. Digital twins, for example, allow companies to create virtual replicas of their physical spaces, enabling real-time virtual monitoring and simulation. AI enhances these digital twins by providing predictive analytics and automated decision-making capabilities.
09
Energy Management
AI is playing a critical role in energy management within workplace technology solutions. AI can analyse energy consumption patterns and provide recommendations for reducing usage, helping organisations lower costs and minimize their environmental impact. IWMS platforms are increasingly integrating AI to automatically adjust building systems for energy e iciency, such as optimizing HVAC operations based on weather forecasts and occupancy levels. These AI-driven adjustments ensure that energy is used more e iciently, contributing to both cost savings and sustainability goals.
08
Predictive Maintenance
AI-driven predictive maintenance is a game-changer for facility management. By analysing data from sensors and IoT devices, AI can predict when equipment or building systems are likely to fail, allowing for proactive maintenance. This reduces downtime, extends asset life and lowers operational costs. For example, AI can monitor the performance of HVAC systems and alert facility managers when maintenance is needed, preventing costly breakdowns. Predictive maintenance not only improves operational e iciency but also enhances the overall reliability of workplace systems.
Conclusion
10
Risk Management and Compliance
AI helps companies manage risk and ensure compliance with safety regulations, building codes and sustainability standards. AI tools can monitor compliance and identify potential risks, such as safety hazards or maintenance issues. AI can also recommend and track corrective actions, ensuring that facilities remain compliant with relevant laws and guidelines. This proactive approach to risk management helps organisations avoid costly penalties and maintain a safe and resilient workplace.
AI is rapidly becoming a critical component of workplace technology solutions, enabling smarter, more e icient and more adaptive environments. From optimising space utilisation to enhancing employee experiences and automating routine tasks, AI-driven systems o er significant benefits for organisations seeking to improve their operations. Adopting AI-powered workplace technology can help companies gain a competitive edge by optimising their resources, enhancing employee satisfaction and reducing operational costs. AI is not only a tool but a strategic advantage in workplace technology. By integrating AI across real estate operations, companies can unlock untapped value, improve e iciency and create a more dynamic workplace. The future of workplace technology is undoubtedly being shaped by AI, and organisations that embrace this trend will be well-positioned to thrive in an increasingly dynamic business landscape.
The New Standard
Delivery Mid 2026
9 MAREWA ROAD, GREENLANE, AUCKLAND
Scheduled for completion in Q2 2026, this A-Grade development sets a new standard for commercial space in Auckland’s southern corridor. Spanning five levels, each with 1,563sqm of modern workspace with additional ground floor retail spaces.
Targeting 5 Green Stars and a 5 Star NABERS rating, the development emphasises sustainability with premium end-of-trip facilities, including showers and lockers, and solar harvesting.
Conveniently located near Greenlane Train Station and motorway interchange, the site o ers 128 parking spaces across a secure basement and podium level. Naming and junior signage rights are available with impressive exposure to the surrounding area.
AVAILABLE FOR LEASE
www.cbre.co.nz/AKL101498
Please contact your agent for more information
Nick Theyers
021 265 4667
nick.theyers@cbre.co.nz
Omri Yahel
021 791 165
omri.yahel@cbre.co.nz
GOOD IS ENERGY EFFICIENCY
HIGHBROOK’S OFFICE-USE BUILDINGS HAVE ACHIEVED IMPRESSIVE NABERSNZ CERTIFIED RATINGS.
The Ford Building earned a 6 Star rating, while Colliers House, Open Country Dairy House, Wynyard Wood House, RSM House, and Building 6, achieved 5 Star NABERSNZ Certified rating. The NABERSNZ tool rates energy efficiency. By providing businesses with more energy efficient buildings we are helping to reduce operational emissions as well as operating expenses. Installing solar arrays significantly contributed to our positive ratings, while reducing our carbon footprint and energy costs. If you would like to know more about Highbrook Business Park and the energy-efficient office spaces available for lease, please visit Highbrook.co.nz
Located on the corner of Great South Road and Green Lane West in the Southern Corridor, this building o ers tenants a modern corporate space with good on-site parking, excellent accessibility to the Greenlane motorway interchange and public transport links within walking distance. Both levels have existing fitout and the tenancies on level three can be combined to make 1,227sqm. Naming rights are also available.
Please contact your agent for more information AVAILABLE FOR LEASE
Nick Theyers
021 265 4667
nick.theyers@cbre.com
*Existing fitout
www.cbre.co.nz/AKL100630
Adam Wallis
027 695 9989
adam.wallis@cbre.co.nz
86E PLUNKET AVENUE
+ 441 sqm office, level 1
+ 25 car parks
+ Existing fitout with a boardroom, meeting rooms/offices and a kitchenette
Listing ID: www.cbre.co.nz/AKL101112
+ 379 sqm office, ground floor
+ 15 car parks
+ Flexible leasing with short term options
Listing ID: www.cbre.co.nz/AKL101210
BUILDING 3, 16 LEONARD ROAD
+ 600–1,114 sqm office
+ 110 car parks
+ Flexible leasing options ranging from 600 sqm
+ Existing fitout
Listing ID: www.cbre.co.nz/AKL100673
We understand that an o ice is more than an address, it’s a place to make your business a reality.
To achieve successful leasing outcomes for both landlords and tenants, CBRE prioritise gaining an understanding of your o ice requirements and needs to deliver tailored advice and exceptional results.
With experts in Auckland, Wellington and Christchurch, our team can assist you in finding the perfect o ice space for your business. Contact CBRE’s O ice Leasing team today.
