What is the average Class A rent in Auckland?

Around 750 NZD/sqft/yr ($460 USD) across the broader Class A index. Trophy submarkets like Britomart command 20–40% above that.

How many months of rent-free are normal in Auckland?

6 months on a 6-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Auckland?

The Auckland Class A market is currently flat. Vacancy is 9.4%, which sets the negotiating context.

Headline Class A rent in Auckland is around 750 NZD/sqft/yr ($460 USD), with 6 months of typical rent-free on a 6-year term.

Headline Class A rent: 750 NZD/sqft/yr ($460 USD).
Trophy submarket rents (Britomart) push to roughly NZ$540/sqm/yr · ≈ $29.6 PSF/yr USD.
Typical concessions on a 6-year deal: 6 months free rent.
Vacancy stands at 9.4% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Auckland Class A office rents and incentives

Headline Class A rent in Auckland is around 750 NZD/sqft/yr ($460 USD), with 6 months of typical rent-free on a 6-year term.

TL;DR

Headline Class A rent: 750 NZD/sqft/yr ($460 USD).
Trophy submarket rents (Britomart) push to roughly NZ$540/sqm/yr · ≈ $29.6 PSF/yr USD.
Typical concessions on a 6-year deal: 6 months free rent.
Vacancy stands at 9.4% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Auckland are quoted in NZD per sqft per year. Across the broad Class A index the figure is 750, but the trophy tier in Britomart reaches roughly NZ$540/sqm/yr · ≈ $29.6 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Auckland concessions on a 6-year Class A lease run to 6 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — NZ corporate tax of 28% (no surcharges). 15% GST.

Where rents land by submarket

Britomart sits at the top end (~NZ$540/sqm/yr · ≈ $29.6 PSF/yr USD). Queen Street CBD clears around NZ$420/sqm/yr · ≈ $23 PSF/yr USD as the prime tier. The full submarket map is on the Auckland city page.

Key facts

city	Auckland
country	New Zealand
region	APAC
classARentLocal	750 NZD/sqft/yr
classARentUsd	$460/sqft/yr
vacancy	9.4%
typicalLeaseYears	6
typicalRentFreeMonths	6
submarkets	5
primeYieldPct	5.8%
trophyRent	NZ$540/sqm/yr · ≈ $29.6 PSF/yr USD
primeRent	NZ$420/sqm/yr · ≈ $23 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Auckland?: Around 750 NZD/sqft/yr ($460 USD) across the broader Class A index. Trophy submarkets like Britomart command 20–40% above that.
How many months of rent-free are normal in Auckland?: 6 months on a 6-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Auckland?: The Auckland Class A market is currently flat. Vacancy is 9.4%, which sets the negotiating context.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction