Commercial Bay Case Study

Commercial Bay

Commercial Bay opened in 2020 and has become the most transformational commercial development project Tāmaki Makaurau has ever seen. It is a true mixed-use precinct connecting 5 commercial office buildings with a central shopping and dining destination on Auckland’s city centre waterfront.

The precinct is home to over 100 retailers, bars and restaurants and an estimated 10,000 professionals from small businesses through to our large anchor clients; PwC, Deloitte, HSBC, Jarden and Aon.

In 2024, Auckland’s first InterContinental Hotel opened at Commercial Bay, with prime views of the Waitematā. The hotel has brought another 1,000 people to the precinct each day including domestic and international tourists.

The significance of the waterfront location within Tāmaki Makaurau is well known. The southern shore of the Waitematā Harbour has always been an important place of transport, trade and commerce. In the late 1800s it was named ‘Commercial Bay’ as a reflection of the strong trading that happened on the foreshore, a name which Precinct has reintroduced to describe this part of the city centre waterfront.

Commercial Bay has succeeded in contributing to the regeneration of Auckland’s city centre, re-establishing a busy hub of transport, business and leisure for all Aucklanders to experience and enjoy.

Stage 1

HSBC Tower

location

188 Quay Street, Auckland

opportunity

Office and retail spaces available for lease

Property type

A-grade

Levels

29

Precinct ownership

100%

Year Built

2002

Last refurbishment

2020

Net lettable area

31,592 sqm

Typical floorplate

1,350 sqm

Carparks

349

Key tenants

HSBC, Buddle Findlay, Colliers, Hesketh Henry

WALT

5.3 years

Occupancy

99.2

Estimated value

$440 million

The HSBC Tower offers 29 levels of premium office space with uninterrupted views over the Waitematā Harbour.

The building has been designed with collaborative and agile work environments in mind, with a central core, minimal columns and large windows allowing generous natural light. A full-time onsite concierge, 24/7 security and high-speed destination-controlled lifts are just a handful of the benefits of working in this building.

Occupiers benefit from a seamless connection to Commercial Bay via an airbridge to the world class retail, hospitality and business precinct.

Office leasing information

stage 1

Jarden House

location

21 Queen Street, Auckland

opportunity

Office leasing available

Building grade

A-grade

Levels

17

Precinct ownership

100%

Year Built

2009

Last refurbishment

2021

Net lettable area

13,681 sqm

Typical floorplate

913 sqm

WALT

3.3 years

Occupancy

100%

Estimated value

$130 million

Jarden House is located on the corner of Te Komititanga and at the entrance to Commercial Bay. The building features 17 levels of high-quality office, end of trip facilities and retail space. The lobby was recently renovated in 2021 creating a premium client experience.

Jarden House offers flexible floorplates with 3-metre-high studs to allow ample natural light into your workspace. It received a 5-star rating for environmental sustainability under the New Zealand Green Star system.

The building is fully integrated into the world class Commercial Bay retail and hospitality precinct with occupiers benefiting from direct access from the Jarden House lobby.

Office leasing information

stage 1

Aon Centre

location

188 Quay Street West, Auckland

opportunity

Office leasing available

Property type

A-grade

Levels

17

Precinct ownership

100%

Year Built

1980

Last refurbishment

2023

Net lettable area

25,354 sqm

Typical floorplate

1,100 sqm

Carparks

102

WALT

5.7 years

Occupancy

Estimated value

$205 million

The Aon Centre offers 21 levels of premium corporate office space on the corner of Customs Street West and Lower Albert Street. This 1980’s building has been refurbished twice, with a classic yet modern office aesthetic. The lobby was completely renovated in 2023, welcoming a new cafe, Sergeant.

Full childcare facilities are available onsite as well as a metro supermarket on street level providing the ultimate convenience for working parents.

The building’s large windows provide generous natural light, while large floor plates enable a flexible interior layout.

Included as part of Commercial Bay, Aon Centre occupiers benefit from a covered connection to a world-class retail and dining offering.

Office leasing information

stage 2

PwC Tower

location

15 Customs Street, Auckland

opportunity

Fully leased

Property type

A-grade

Levels

38

Precinct ownership

100%

Year Built

2020

Net lettable area

39,236 sqm

Typical floorplate

1,350 sqm

Car parks

274

Key tenants

PwC, MERW, Chapman Tripp, Regus, DLA Piper, Marsh, Amazon

WALT

7.4 years

Occupancy

100%

Estimated value

$605 million

Standing 180 metres tall, the PwC Tower at Commercial Bay offers premium office space with sweeping views across the Waitematā Harbour. This tower has truely transformed Auckland's skyline.

The PwC Tower has been designed from the inside out with a new generation floorplate. The core is on the south side of the tower, allowing for an exceptionally efficient floorplate with minimal columns.

The Sky Lobby is on Level 7 and offers an extension of occupiers working space. This is where you’ll find the onsite concierge, an outdoor Sky Terrace and Spectra - the licensed lobby cafe. Level 6 consists of bookable meeting and event suites for a variety of event sizes.

Occupiers benefit from a seamless internal connection to Commercial Bay’s world class retail and hospitality.

Office leasing information

stage 3

Deloitte Centre

location

1 Queen Street, Auckland

opportunity

Office and retail leasing available

Property type

A-grade

Levels

21

Precinct ownership

100%

Year Built

2024

Net lettable area

14,589

Key tenants

Deloitte, Bell Gully

WALT

15 years

Occupancy

93.4%

Estimated value

$230 million

The Deloitte Centre, completed early 2024, provides a one-of-a-kind mixed-use development. It connects seamlessly to Commercial Bay, a world class waterfront destination for Tāmaki. Ngāti Whātua Ōrākei gifted the building the Māori name, Te Kaha, by which embodies strength and the notion that many strands or groups together make something stronger.

Levels 4 to 5 offer beautiful turnkey Precinct Suites. Levels 6 to 11 encompass the 139-room 5 Star InterContinental Hotels & Resorts. The hotel restaurant ‘Advieh’ is helmed by renowned chef Gareth Stewart. Levels 12 to 20 accommodate 14,000 sqm of premium office space, home to Deloitte and Bell Gully. Queens Rooftop & Wineshop sits on Level 21, boasting stunning 270-degree views of the Waitematā Harbour.

Find out more

stage 2

Commercial Bay Retail Centre

location

7 Queen Street, Auckland

opportunity

Retail leasing available

Property type

Retail and hospitality

Levels

3

Precinct ownership

100%

Year Built

2020

Total lettable area

17,281 sqm

Number of retailers

112

WALT

3.4 years

Occupancy

95.37%

Estimated value

$340 million

Commercial Bay is an urban laneway experience that features three levels of premium retail and hospitality, five major office towers, 5-star luxury InterContinental Auckland Hotel and is surrounded by train, bus and ferry public transport hubs.

The retail precinct features a curated selection of over 120 premium retailers and dining options with a mix of global flagships, established international fashion designers, beauty, and cosmetic brands, grab and go dining as well as being home to some of New Zealand’s most loved and celebrated local fashion designers, restauranters and chefs.

Visit Commercial Bay

stage 2

Commercial Bay Retail Centre

location

7 Queen Street, Auckland

opportunity

Retail leasing available

Property type

Retail and hospitality

Levels

3

Year Built

2020

Total lettable area

17,281 sqm

Number of retailers

112

WALT

3.4 years

Occupancy

95.37%

Estimated value

$340 million

Commercial Bay is an urban laneway experience that features three levels of premium retail and hospitality, five major office towers, 5-star luxury InterContinental Auckland Hotel and is surrounded by train, bus and ferry public transport hubs.

The retail precinct features a curated selection of over 120 premium retailers and dining options with a mix of global flagships, established international fashion designers, beauty, and cosmetic brands, grab and go dining as well as being home to some of New Zealand’s most loved and celebrated local fashion designers, restauranters and chefs.

Visit Commercial Bay