Figures
Hawaii Industrial Figures Q2 2024
July 18, 2024 5 Minute Read
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Availability rates increased slightly
‒Statewide availability rate increased slightly from 1.5% to 1.6% in Q2 2024.
Continued low availability and negative absorption in Q2 2024
‒Hawaii’s industrial sector experienced negative net absorption of 12,439 for Q2 2024 compared to 106,996 SF of negative net absorption for Q1 2024.
Average net asking lease rates and operating expenses remain the same
‒Average net asking lease rates and average operating expenses remained the same at $1.46/SF and $0.43/SF for Q2 2024.