Capital Realty – Page 3 – Licenced REAA 2008

Capital Realty is Wellington’s commercial leasing specialist. Headed by Tom Burke, an agent with over 25 years’ experience and over 500 office leasing deals in the Wellington CBD as well as the Thorndon and Te Aro areas. Capital Realty have an extensive, in-depth knowledge of the buildings in these areas. All our current listings are available to view by appointment, call Tom Burke on 027 4411 015 to secure your next commercial property lease for your business. Several of our featured listings can be seen below or view all our listings. Alternatively use the search facility to refine our listings by size, Property ID or address or click on the pre-defined tenancy size searches below.

Office Listings - Easy Search

Latest Market Report

Now approaching 2/3rd s of the year gone, the market is a bit static at the moment after a slow and steady start to the year. We are still getting an average of one new listing a day, but tenant demand has waned of late. Having a lot of listings is obviously of advantage to a tenant thinking of moving and this is making my job easier at the moment provided i can uncover enough tenants wishing to view. In these uncertain times, smaller landlords are doing their best to retain tenants and will often allow them to renew their leases at their existing rental or only impose a minimal percentage increase. Bigger landlords (more then 5 buildings) are looking to retain the value of their portfolio and are not that keen on "discounting" their rent. Rent holidays are that not that common but can be 1 - 3 months depending on the lease term offered. Rents overall are slowly increasing but nowhere like they did last year. Wellington has traditionally been a gross lease town for offices (unlike Auckland where office nett leases are the norm). Gross leases include the building operating expenses, so the rental remains the same throughout the lease term in between rent reviews. RJH (Robert Jones Holdings Ltd) has recently started to request a nett lease from new tenants for their CBD portfolio (15 buildings+ ) and this could be a start to a change in the Wellington office market in the future. Having a nett lease enables the landlord to recuperate any increase in building operating expenses (rates, insurance etc) as part of the office rental on a yearly basis and is attractive to the landlord as they can recuperate any increase in building costs throughout the lease term and so maintain a certain margin of profit. Gross leases mean the landlord only catches up when the lease is renewed (usually every 3 years) and the rent review usually at the same time can be used to update the actual cost of running the building. The drift to home is still happening with serviced or semi serviced office organisations such as Nomad & Generator still appearing to be doing a brisk business at attractive rates. Rental Update – Current average gross rentals per annum (ex gst) are CBD core: $350 – $850m2. TE ARO: $300 – $400m2 THORNDON: $320 – $450m2. Report by Tom Burke - Owner - Capital Realty Ltd August 3rd 2023

Current Listings

Use the map to scan the locations of our current listings. If you’re interested in a particular area, draw on the map to have it return just the listings in that area.

Searching: All listings

250 listings found

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78m2 - 2 offices + your own kitchen & break out

91 Cuba Street, Wellington Central, Wellington, Wellington

Price by negotiation
91 CUBA STREET - Whitcoulls ground floor - 90% nbs Office Suite - well presented tenancy (carpeted & painted recently) - high stud...
- Area m²:78
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Tom Burke
80m2 - Office Suite - handy to motorway

79 Boulcott Street, Wellington Central, Wellington, Wellington

Price by negotiation
79 Boulcott Street - 100% NBS C5 - Handy to the motorway - Access to Lambton Quay via Plimmer Steps Office Suite - north...
- Parking:On site car parks available
- Area m²:80
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Tom Burke

81m2 - Brand New Office Suite

15 Brandon Street, Wellington Central, Wellington, Wellington

Price by negotiation
BRANDON STREET - Brand new building completed May 2021 100% nbs Legal Address: 149 Featherston Street. Free gym usage at 70 The Terrace...
- Parking:Car parking available directly opposite the building
- Area m²:81
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Tom Burke
84 sqm Office Suite The Terrace

108 The Terrace, Wellington Central, Wellington, Wellington

Price by negotiation
Berl House - Handy to Lambton Quay & Motorway On site professional hands on Property Owner/Manager 75% NBS seismic rating Office Suite - 2...
- Area m²:84
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Tom Burke

84.17m2 Quality Office Suite

222 Lambton Quay, Wellington Central, Wellington, Wellington

Price by negotiation
EQUINOX HOUSE - 222 Lambton Quay - Central CBD Office Building - Lambton Quay & Terrace access - 70% NBS Office Suite - air conditioned...
- Area m²:84
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Tom Burke
87m2 LQ Refurbished Character Suite

2 Woodward Street, Wellington Central, Wellington, Wellington

Price by negotiation
2 Woodward Street - High profile building on the corner of Lambton Quay and Woodward Street Refurbished Office Suite - high stud - exposed...
- Area m²:87
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Tom Burke

93m2 Office Suite CBD

23 Waring Taylor Street, Wellington Central, Wellington, Wellington

Price by negotiation
23 Waring Taylor Street - Central CBD office Building 93.74m2 Office tenancy - air conditioned - open plan - shared kitchen...
- Parking:On site car parking available
- Area m²:93
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Tom Burke
103m2 - CBD Office Suite

342 Lambton Quay, Wellington Central, Wellington, Wellington

Price by negotiation
342 Lambton Quay - Quality building - 80% NBS seismic rating - Large gym at Solnet House, 70 The Terrace (level one) & Small...
- Parking: Car parks - Motorbike parking - Bike parking availab…
- Area m²:103
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Tom Burke