Invercargill Figures H1 2025

Key Points: 

• The Invercargill office market has around 93,000 sqm of office space, most of it in low-quality buildings in Invercargill Central.
• Total office vacancy sat at 7.2% during the first half of 2025. Notably, the Prime office submarket registered only a 1.2% vacancy rate during this period.
• Most of the office assets in Invercargill were completed in the second half of the last century, and 27% of all buildings were built after 2000.
• Invercargill has circa 644,000 sqm of industrial space across 305 building. West Invercargill is the suburb with the largest industrial footprint, followed by Kennington and Bluff.
• Invercargill’s industrial vacancy rate was 2.8% during H1 2025, with close to 18,000 sqm vacant stock, most of it in the Grade C submarket.