New Albany units engineered for efficiency

Eight newly completed industrial units in North Auckland’s premier business hub are setting a new standard for quality and performance, offering business owners and investors a rare opportunity in one of the region’s most tightly held commercial precincts, Bayleys brokers say.

Bayleys North Shore’s Matt Mimmack, together with colleagues Richard Moors and Laurie Burt, is marketing the freehold units at 11 Triton Drive for sale or lease by negotiation.

“Developed to meet the evolving needs of modern occupiers, the units combine architectural precision with operational practicality – a formula that’s proving highly sought after by business owners and investors seeking reliability, location and long-term value retention,” Mimmack says.

Ranging from 297–376sqm (more or less), each unit features high-stud warehousing (up to 7.7m), immaculate showroom and office fitouts with kitchens, quality appliances, LED lighting and end-of-trip facilities.

Each unit includes four or six dedicated car parks, with two road front units enjoying elevated exposure to the busy Triton Drive thoroughfare.

“Operators today are looking beyond the aesthetics of their premises,” Mimmack says. “They’re seeking environments that are cost-effective to run, compliant, and future focused. These units meet that brief – designed for minimal maintenance, energy efficiency, and day-to-day functionality.”

That focus on operational efficiency is increasingly central to asset performance across New Zealand’s commercial market. Bayleys’ newly released Auckland Office Outgoings Benchmarking Report highlights that total operating expenses have risen 6.8 percent year-on-year, driven by utilities and rates. The report underscores that energy-efficient buildings are consistently outperforming older stock, both in running costs and tenant retention.

“The data reinforces what we’re seeing in the market,” says Mimmack. “Buildings that are proactively designed don’t just lower running costs – they attract quality occupiers and deliver better long-term returns.”

The Albany industrial market continues to exhibit exceptionally low vacancy, underpinned by limited supply and high demand from trade, logistics, and service operators.

Strategically positioned near State Highway 1, the Northern Busway, and major retail and commercial amenities, including Westfield Albany and Massey University, the Triton Drive precinct offers convenience, connectivity and access to a skilled workforce.

“In this climate, where cost control matters, the fundamentals of property selection are shifting,” Moors says. “Buyers and tenants alike are prioritising efficiency, build quality, and location – with new assets of this calibre in low-vacancy areas increasingly hard to find.”

Eligible purchasers may also benefit from the Government’s new Investment Boost initiative, introduced in Budget 2025, which allows a 20 percent upfront tax deduction on qualifying new commercial and industrial assets.

With their elevated profile, modern design and low-maintenance appeal, the Triton Drive units represent a timely opportunity for occupiers and investors to secure a foothold in one of Auckland’s strongest performing industrial markets.

“These are spaces built for the realities of today’s economy – efficient, flexible, and future-ready,” Moors says. “In a market where every line item counts, that’s what true value looks like.”