Auckland, New Zealand
Most major international corporations have an Auckland office, as the city is the economic capital of the nation. The most expensive office space is around lower Queen Street and the Viaduct Basin in the Auckland CBD, where many financial and business services are located, which make up a large percentage of the CBD economy. A large proportion of the technical and trades workforce is based in the industrial zones of South Auckland. The largest commercial and industrial areas of Greater Auckland are in the southeast of Auckland City and the western parts of Manukau City, mostly bordering the Manukau Harbour and the Tamaki River estuary. The sub-national GDP of the Auckland region is estimated at US$47.6 billion, 36% of New Zealand’s national GDP, 15% greater than the entire South Island. Auckland’s status as the largest commercial centre of the country reflects in the high median personal income (per working person, per year) which is NZ$44,304 (approx. US$33,000) for the region, with jobs in the Auckland CBD often earning more. The median personal income is NZ$22,300, behind only North Shore City (also part of the Greater Auckland area) and Wellington. While office workers still account for a large part of Auckland’s commuters, large office developments in other parts of the city, for example in Takapuna or Albany, both on the North Shore, are slowly becoming more common, reducing concentration on the Auckland CBD somewhat.