Colliers Hawaii Research, Office
Leave a Comment

Year-End 2016 Office Market Summary

Office Market Posts Second Consecutive Year of Growth

Vacancy rates rose to 12.66% from 12.38% over the past quarter, as 61,190 square feet of lost occupancy was generated in the fourth quarter, bringing the total year net absorption to 42,103 square feet. While this is the second consecutive year of positive occupancy gains for Oahu’s office market, vacancy rates have zigzagged over the past five quarters and have not set a definitive direction for the market. It has been seven years since the end of the Great Recession and while many other commercial real estate sectors have boomed, the office market still remains mired in mediocrity.

Read the full Oahu Office Market Report Summary


Subscribe

For early access to Colliers’ market reports, news and featured listings, subscribe below.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s