KEY POINTS:
Auckland's industrial property market has performed strongly in the past four years but rising land costs have started to bite, says Jones Lang LaSalle.
The real estate consultants told a briefing on the sector yesterday that industrial land values had risen 150 per cent in the past four years.
Growth was fastest around under-developed areas like Wiri, which had a 210 per cent land value increase, and Auckland International Airport, with a 160 per cent rise.
But high land costs and expensive construction prices were making further development difficult, Jones Lang said.
More land could become available with a re-zoning of Auckland's metropolitan urban limits, the consultants said.
