Invercargill Figures H1 2026

SUMMARY

• Office vacancy in June 2026 dropped sharply to 4.5% from 6.3% in June 2025, driven 
  largely by the take-up of space at different locations on Deveron Street, Leet Street 
  and Don Street. Secondary vacancy fell to 5.5% from 7.7% entirely due to reduced 
  Grade C vacancy, while Prime vacancy edged down slightly to 1.1%, with all remaining 
  vacant office space concentrated in Invercargill Central.
• Invercargill Central captured almost all of the office leasing activity in the city, with a 
  gross absorption level over 16,000 sqm.
• Industrial vacancy dropped to 1.4% from 2.8% in June 2026, driven by a decline in 
  Grade C vacancy due to the take-up of a large asset located in Gore Street in Bluff.
• Prime industrial vacancy increased in June 2026 due to a large uncommitted new 
  building at 263 Bond Street. West Invercargill is the suburb with the highest industrial 
  vacancy, followed by Bluff and Appleby.