Brief

Auckland New Development Monitor - November 2025

November 12, 2025 10 Minute Read

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  • The active development pipeline (projects where physical work has commenced or is considered imminent) across the office, retail and industrial sectors currently comprises 42 projects with some of the bigger active office and retail projects set for completion by year’s end. 
  • The industrial market dominates, with 27 projects in the active pipeline, followed by the office market with eight projects. Retail has seven active projects.
    Wiri, East Tamaki and Drury are the top three most active precincts for industrial development. In Wiri, apart from a 65,000 sqm speculative project being built on Puhinui Road by James Kirkpatrick Group,  ESR will speculatively redevelop stage one of 38-44 Dalgety Drive.  On completion, this project will re-introduce 29,000 sqm of redeveloped stock to the market as stage one. Fisher & Paykel Healthcare and Wilson Group are developing buildings for their own use in East Tamaki, totalling around 40,000 sqm.  In Drury, Briscoes is developing an owner-occupied warehouse, while NZ Safety Blackwoods’ and Langdon’s warehouses are being built by Calder Stewart. 
  • Three CBD and five non-CBD office buildings are under construction, totalling 42,000 sqm. The biggest office project under construction is 2-14 Wakefield Street. The developer, PAG, is aiming to complete the work by the end of this year. 
    West Auckland has a big retail development pipeline in Auckland, at ~30,000 sqm, which will be completed by mid 2026. The IKEA store in Mt Wellington will be open in early December this year.