Oahu’s retail marketplace received a 502,178 square foot boost in net absorption in 2016 as Ala Moana Center, International Market Place and Ka Makana Alii developments added nearly 1.4 million square feet of additional inventory.
While Macy’s is closing 68 stores across the country, they are not closing any of their stores in Hawaii. Only a few months ago, they opened a new department store in Kapolei. We are sad to see these closures but we at, The Bratton Team, are happy that none of the stores on the islands are closing. It seems that business on the islands is still trending upward and Macy’s stores are profitable enough to keep encouraging new business in Hawaii.
Every month, our Resort Retail team creates a newsletter featuring current events and trends in the retail market and a featured property listing.
HART rolled out its Shop & Dine on the Line program this week in response to intense frustration and fear on the part of many business owners who have lost revenue and customers due to rail construction. The problem appears simple on the surface – once the rail is built, customers will come back and all will be well.