We’re back with our monthly recap on the Hawaii Commercial Investment Real Estate market. Check out our thoughts and let us know if you have any questions or need more information on any of these sales/properties. This video is from March, to receive these posts at launch, please reach out directly and we’ll add you to our list.
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.
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.