The following comparative table has been compiled as at September 2010, to provide a general overview of Wellington Warehouse Rentals.
Location
Prime $
Secondary $
Eastern Suburbs
Miramar/Kilbirnie/Rongotai/Newtown
$120-$135 m2
$95-$115 m2
City Fringe
Te Aro/Hutt Road
$165-$185 m2
$135-$160 m2
Ngauranga
Jarden Mile/Centennial Highway
$150-$170 m2
$120-$145 m2
Wellington North
Grenada/Tawa
$95-$115 m2
$75-$90 m2
Porirua
Elsdon/Broken Hill
$70-$90 m2
$55-$75 m2
Kenepuru/Linden
$120-$135 m2
$90-$110 m2
Hutt Valley
Gracefield/Seaview
$90-$110 m2
$60-$75 m2
Petone/Alicetown
$105-$120 m2
$80-$100 m2
Lower Hutt
$105-$120 m2
$80-$100 m2
Wingate/Taita
$70-$85 m2
$50-$65m2
Upper Hutt
$70-$80 m2
$40-$55 m2
Note:
Prime:
Refers more generally to good clean modern high stud warehouse space, more permanently constructed and under 10 years old or extensively remodelled.
Secondary:
Refers to not so well located and/or positioned warehouse premises, which may be older, in the order of prior to 1980, of low to medium stud height or display some shortcomings in design, construction, configuration, services or access.
The definition and rental guideline for "secondary" does not allow for premises of "poor" quality and conversly "Prime" does not include for "new" or to be built. Seek our specialist advice in this regard.
Rental Guideline Notes:
Rental guide is based upon; typical 500m2 warehouse premises.
Warehouses outside the range 500m2 could vary +/- 20% for size alone.
Integral Offices and amenities are generally $20 - $35 m2 higher than warehouse component.
Rentals are indicative only and reflect total occupancy costs (excluding GST and normal tenant consumables including energy and utilities; rubbish removal; cleaning and provisioning).
Some of the main variables that will impact on the indicative rates include:
Size and Shape
Age and presentation
Stud Height
Access - Onto property/yard and into building
Profile to passing public - advertising potential and aesthetics
Lighting - Standard of natural and artificial lighting
Services - power reticulation, fire equipment, and conveniences and ablutions
Supply/Demand prevailing within the particular market
Motivations of the parties transacting
Lease Terms and Conditions
Disclaimer: Whilst care has been taken in the preparation of this information no responsibility is taken for the use of this material, reference to a professional adviser is recommended.