The 2025 commercial property market has opened on a steady footing, with activity picking up despite wider economic uncertainty, says Barfoot & Thompson Commercial manager John Urlich.
A drop in the Official Cash Rate has helped restore buyer confidence, leasing activity remains firm across office and retail, and industrial demand continues to outstrip supply, particularly for well-located, quality stock.
While challenges remain, Urlich says the fundamentals are doing the heavy lifting.
Commenting in the foreword of the agency’s latest Insite portfolio, he says: “We’re already seeing more confidence at both ends of the market - particularly in the sub-$8 million space where improved borrowing conditions are having an effect.
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“Industrial rents remain under upward pressure, land is scarce, and well-located assets continue to attract strong interest from investors and owner-occupiers alike.”
A total of 51 commercial properties are featured in the May 2025 edition of Insite, stretching from Wainui in the north of Auckland to Bombay in the south.
Listings include six for tender, one for auction, nine for sale by deadline private treaty and 28 for sale by negotiation, with a further seven listed with an asking price.
One of the highlights is a high-profile holding on the North Shore, which is attracting interest for its blend of reliable income and redevelopment potential.
Located at 140–144 Kitchener Rd, Milford, this freehold 989sq m corner site currently returns $157,900 net a year from four established tenancies, including three restaurant operators and a telecommunications provider.
The single-level building comprises a lettable area of approximately 465sq m and includes 18 on-site carparks.
Zoned Business-Town Centre, the site benefits from generous height allowances and a flexible range of permitted uses under the Auckland Unitary Plan.
The property is being marketed by Barfoot & Thompson Commercial brokers Gary Seekup and Bruce Jiao, by tender closing 4pm, Thursday June 12, unless sold prior.
“Milford is a premium coastal suburb, and this property sits right at its core,” says Seekup. “Add in strong visibility, proximity to new developments and the suburb’s ongoing demographic shift - and you’ve got an asset that will only increase in relevance.”
From established retail to industrial strength, the next opportunity featured is in Avondale, where a high-calibre warehouse and office investment offers long-term security.
Located at 73–81 Lansford Crescent, the 2476sq m building sits on a 3228sq m freehold site with 37 on-site carparks and excellent corner visibility.
Fully leased to IAG NZ Repairhub Ltd until December 2032, with renewal options extending to 2040, the property provides a net annual return of $339,488.
Zoned Business-Light Industry, it’s ideally configured for logistics, production and distribution.
The property is being marketed by Barfoot & Thompson Commercial broker Rohit Khanna by deadline private treaty closing 12 noon, Wednesday June 11, unless sold prior.
“Industrial vacancy across Auckland is at record lows,” says Khanna, “and properties of this quality rarely come to market. This is a set-and-forget investment that combines blue-chip security with future flexibility.”
In the heart of Auckland’s rapidly developing northwest corridor, 124 Fred Taylor Drive in Westgate comprises 4ha of freehold land zoned Residential–Terrace Housing and Apartment Buildings.
A single dwelling occupies the site on a periodic tenancy, while development plans are already in motion.
Consultants have lodged documentation with the council for an eight-superlot subdivision capable of supporting up to 164 dwellings - a mix of apartments, terraces and duplex homes.
The property is also being marketed by Seekup and Jiao via tender closing 4pm, Thursday June 12. It will not be sold prior.
“This is a strategic block in one of the city’s fastest-growing residential catchments,” says Seekup. “The fundamentals here are exceptional: flat land, supportive zoning and proximity to Westgate’s expanding infrastructure and amenities.”
Westgate is forecast to accommodate 30,000 new homes and 13,000 jobs over the next 30 years, supported by major transport upgrades, a proposed Rapid Transit Network and improved motorway connectivity.
Jiao notes: “We’re seeing strong developer interest across the northwest, and sites like this - with the scale to deliver a meaningful residential community - are increasingly rare.”
- Supplied by Barfoot & Thompson
