New Kalihi Listings Push Vacancy Rates Higher
Oahu’s industrial market posted negative net absorption of 87,576 square feet for the second quarter of 2017, reversing the positive gains established during the first quarter. Vacancy rates rose to 1.75% from 1.53% and year-to-date net absorption was negative 60,504 square feet. For the past three years, Oahu’s industrial vacancy rates hovered near 2.0% reflecting a challenging leasing market for industrial tenants.
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