Auckland has no shortage of land for industrial development.
A study has found the region has 1148ha of vacant industrial land, held in 1362 parcels.
Zoltan Moricz, senior director at CB Richard Ellis Research & Consulting in Auckland, said the take-up had slowed considerably in the past three years yet more land was being rezoned for industrial use.
Empty industrial sites include fully vacant parcels, potentially vacant pockets with a portion of underdeveloped or empty land that could be developed and brownfield sites which have been developed or used but are underused in terms of building improvements.
"Despite a recovery since 2010, industrial land values are still 20 per cent below the peak of the market in early 2008 and hence have significant further ground to recover," Moricz said.
