New Supply

Across the four major Hamilton industrial suburbs of North and South Te Rapa, Frankton and Airport, 56,700sqm of new supply was completed in 2022, bringing the total monitored stock size to 2,058,000sqm. As Figure 1 shows, the bulk of new supply was completed in Te Rapa North and the Airport, with some minor multi-unit completions in Te Rapa South and Frankton.

The most significant new completion in 2022 was the 7,050sqm new facility at 12-16 Earthmover Crescent in Te Rapa North, half occupied by NZ Post. Overall, Te Rapa North experienced an addition of almost 34,000sqm of new stock. Other notable developments in this precinct include the 2,000sqm expansion at the Multispares site at 1378 Arthur Porter Drive, completion of the unit development at 1370 Arthur Porter Drive of 2,330sqm, Pro Mechanical building at 32 Earthmover Crescent of 1,650sqm and five unit development at 30 Earthmover Crescent of 1,250sqm.

The Airport also experienced some sizeable completions totalling 17,800sqm over the course of 2022. The largest new facility is the 3,780sqm Normans Transport warehouse situated at 32 Ingram Road. Other notable completions include the 1,400sqm Matcraft facility at 119 Ingram Road and the 1,300sqm Insulators Pro Interiors building at 143 Ossie James Drive.

2022 also saw the completion of a number of new multi-unit developments situated along Arthur Porter Drive, Earthmover Crescent and Maui Street in Te Rapa North.