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Hawaii Retail Figures 2023 Q2
August 3, 2023 2 Minute Read
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- Vacancy rate drops slightly for the 2nd quarter of 2023: Hawaii’s retail vacancy rate drops slightly from 6.2% for Q1 2023 to 6.1% for Q2 2023
- Net absorption increased: Statewide net absorption increased from 17,354 SF the prior quarter to 124,577 SF this quarter
- Average asking lease rents increased while CAM decreased: The weighted average asking lease rents across Hawaii increased from $4.71 NNN in Q1 2023 to $4.99 NNN in Q2 2023. The average CAM decreased from $1.20/SF to $1.13/SF.