February has remained a strong month for the Auckland Central apartment rental market.

Total available listings across the city have dropped from around 740 down to 593 as of 28 February. This clearly shows supply tightening while tenant demand continues to hold firm.

We expect the first half of March to remain just as active as January and February. After that, the market will likely begin to ease as the annual wave of relocations, immigration, and internal movement settles, with most tenants locking in their living arrangements for the year ahead.

Across the OneCiti portfolio, we are currently sitting at just 4 vacant apartments out of nearly 600, with 34 upcoming move-outs already listed around 2.5 to 3 weeks in advance. This places our portfolio at over 98% occupancy, which is a strong performance in today’s competitive market.

The short-term rental side has also delivered excellent results, with February averaging 89% occupancy — an outstanding outcome for this segment.

As always, our team continues to work 6 days a week to stay ahead of the market and maximise this peak leasing window.

On a separate note, OneCiti is now expanding into Building Management.
Looking after your individual apartment is one part of the equation. Ensuring the building itself is well run is what ultimately supports long-term value, rentability, and tenant appeal. Clean, safe, and well-maintained buildings consistently attract better tenants and stronger returns — and this is where we aim to add further value.

If you’d like to learn more, we would be happy to offer a free building management health check to identify where improvements could enhance your asset’s long-term performance.

And on a personal note — February was a big one at home too. My son turned 10 on the 3rd, and my daughter 6 on the 25th. A short but busy month juggling family and work. Time really does fly. Scary…

As always, I’m only a phone call away 🙂