Another Record Low Vacancy Rate Established
Falling to its lowest level in recorded history, Oahu’s industrial vacancy rate registered a miniscule 1.53% at the end of the first quarter of 2017. Roughly 36,000 square feet of new occupancy growth was squeezed out of this extremely tight market. Industrial brokers have had to educate their clients about the lack of expansion or relocation options and the need to start their search as early as possible.
For early access to Colliers’ market reports, news and featured listings, subscribe below.