Dunedin's listed office stock sits in 4 buildings holding 35 units, concentrated on and just off George Street, the retail and civic spine running north from the Octagon. Staying inside that corridor keeps a Dunedin office within walking distance of the courts, the main bank branches and the university end of town, which is the real product being leased here.
Unit sizes in Dunedin span 5 to 530 m² with a median of 70 m², or roughly eight to ten desks. The two ends of that range serve different tenants: the smallest lots work for one- and two-person consultancies, while the 530 m² end is one of the few ways in Dunedin to put a back office of 50-plus staff on a single floor instead of splitting it across buildings.
Asking rents in Dunedin range from $274 to $446 per m² a year with a median of $348 — a wide band for a market of only 35 units. Small fitted-out lots sit at the top of that band because the rate absorbs fit-out and services; a tenant committing towards the 530 m² end of the Dunedin range should be negotiating down to the $274 end and treating fit-out as a separate line.