Office Market Post Positive Gains for the First Half of the Year
The Oahu office market posted a positive gain of 38,268 square feet of net absorption for the second quarter of 2017. This marks the second consecutive quarter of occupancy gains for the year, boosting year-to-date net absorption to 71,785 square feet. As a result, the island’s office vacancy rate fell from 12.43% to 12.23% over the past quarter, its lowest level in more than six years.
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