Newmarket / Parnell is a prime-tier Auckland submarket with average asking rent around NZ$380/sqm/yr · ≈ $20.8 PSF/yr USD.

  • Average asking rent: NZ$380/sqm/yr · ≈ $20.8 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: NZ$750/sqm/yr · ≈ $41.1 PSF/yr USD ($41 USD).
  • Citywide vacancy: 9.4% — submarket-level availability is typically tighter at prime tier.

Newmarket / Parnell, Auckland office rents and availability

Newmarket / Parnell is a prime-tier Auckland submarket with average asking rent around NZ$380/sqm/yr · ≈ $20.8 PSF/yr USD.

TL;DR

  • Average asking rent: NZ$380/sqm/yr · ≈ $20.8 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: NZ$750/sqm/yr · ≈ $41.1 PSF/yr USD ($41 USD).
  • Citywide vacancy: 9.4% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Newmarket / Parnell averages around NZ$380/sqm/yr · ≈ $20.8 PSF/yr USD for Class A, against a citywide Class A index of 750. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Inner-suburban professional services Class A. Healthcare, professional services, creative agencies, retail HQs.

Key facts

cityAuckland
submarketNewmarket / Parnell
tierprime
averageRentLocalNZ$380/sqm/yr · ≈ $20.8 PSF/yr USD
cityClassARentUsd$41/sqft/yr
cityVacancyPct9.4%

Frequently asked questions

What is the average Class A rent in Newmarket / Parnell, Auckland?
Around NZ$380/sqm/yr · ≈ $20.8 PSF/yr USD. The citywide Class A index sits at NZ$750/sqm/yr · ≈ $41.1 PSF/yr USD.

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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.

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