Office stock and additional supply

While there has been no new office supply completed in the second half of 2022, we have extended our survey coverage by adding five buildings not previously included, to our monitored office stock, increasing the total Hamilton CBD stock size by almost 10,000sqm (as indicated on Figure 2).

The total amount of space under refurbishment stood at 16,600sqm at the end of 2022, across nine different projects, with the changes since our last report including the addition of the fire damaged floor in the Waikato Farmers Trust building and the removal of the ex-Regional Council building at 401 Grey Street.

In terms of new developments in the pipeline, there are a couple of highquality office projects in the Hamilton CBD approaching completion this year, including the near complete, TGH-developed office complex on the corner of Collingwood and Tristram Streets for ACC, in addition to the car park and second office building (Building E) at Union Square and New Zealand Blood on the corner of Anglesea and London Streets.