As the return-to-office trend accelerates and decentralisation reverses, Bayleys Real Estate – New Zealand’s largest full-service real estate agency – has bolstered its leasing expertise with the strategic addition of two industry specialists.

Chris Wong and Sam Fitzgerald join the agency’s Auckland Office Leasing team focusing on the region’s expanding southern corridor. Together, they bring nearly three decades of expertise in the local property sector, offering proficiency in portfolio management, development feasibility, risk mitigation and an in-depth understanding of the unique dynamics of South Auckland’s leasing market.

Bayleys’ national director of Commercial and Industrial, Ryan Johnson, says the appointments underscore the firm’s commitment to market leadership during a time of transformation.

“The office leasing sector, especially across Auckland’s southern corridor, is changing– much like a jigsaw puzzle coming together. Each piece reflects shifting workplace trends, evolving tenant priorities, and economic pressures, all demanding sharp expertise to assemble successfully. Chris and Sam bring a wealth of strategic portfolio management and leasing experience to this pivotal market, backed by the strength and reach of Bayleys’ cohesive and connected network.”

He adds that the southern corridor remains a cornerstone of regional growth. “With stabilising yields, targeted infrastructure investment, and its pivotal role in the Golden Triangle economic hub, this region is set for significant development and investor interest.”

The office leasing sector in Auckland has faced headwinds in 2024, with subdued activity in the medium-to-large corporate sector. However, the flight to quality has entrenched itself as a defining trend, fuelling demand for premium, A-grade properties and leaving secondary spaces to compete with refurbishments and incentives.

Wong and Fitzgerald see this shift as an opportunity for proactive collaboration. “Tenants today are focused on spaces that align with their operational needs and ESG (Environmental, Social, Governance) priorities, particularly in government tenancy. However, cost sensitivity in the current economic climate means every decision requires careful analysis,” they explain.

Their move to Bayleys reflects a desire to meet these needs more effectively. “Bayleys’ collaborative national network and multidisciplinary approach allow us to deliver tailored solutions and greater value for clients, particularly in this complex environment,” they say.

Wong and Fitzgerald are preparing clients for a forecasted market recovery in 2025. “With fiscal policy easing, we anticipate a shift in leasing conditions. By adopting a forward-looking approach to portfolio management and operational efficiency, we’re helping clients position themselves strategically for the future,” they say.

Bayleys general manager Auckland Commercial and national director for Industrial, Scott Campbell, highlights the importance of localised expertise during this recalibration period.

“The office leasing landscape across the southern corridor is unique, requiring specialised knowledge to navigate successfully. Chris and Sam’s deep insights will be critical in helping clients make well-informed strategic decisions as they adapt to the evolving market.”

Bayleys national director of Office Leasing, Matt Lamb, reinforces the importance of this adaptability in a shifting market. “While the medium-to-large corporate sector has seen decision-making slow as businesses reassess their requirements, green shoots emerge. Auckland’s vacancy rates have dropped to their lowest level since 2021, and clients are using this time to weigh their options carefully,” Lamb says.

He adds that Bayleys is actively working with landlords and tenants to balance the costs and risks of leasing decisions, ensuring they are positioned for long-term success as economic fundamentals improve.

“Chris and Sam are a critical part of this effort. Their expertise and proactive approach help to equip clients to navigate today’s challenges and capitalise on tomorrow’s opportunities,” he says.