Dunedin Figures H1 2025

Key Points: 

• The Dunedin office market has around 207,000 sqm of office space, most of it in Secondary buildings in Dunedin Central.
• Total office vacancy sat at 9.4% during the first half of 2025. Notably, the Prime office submarket registered a vacancy rate below 2.0% 
• Most of the office assets were completed in the third quarter of the 20th century. Currently, two new Grade A office buildings on Dowling Street and Great King Street are nearing completion, which will add 9,000 sqm of Prime space in the next six months. 
• Dunedin has over 1 million sqm of industrial space across 480 building. Dunedin Central is the suburb with the largest industrial footprint, followed by South Dunedin and Mosgiel.
• Dunedin’s industrial vacancy rate was 3.3% during H1 2025, with circa 33,000 sqm vacant stock.