Hawaii Retail Figures Q1 2022

05 Apr 2022

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Net Absorption Further Accelerates

  • Net absorption was positive for another quarter, up from 92,236 sq. ft. in Q4 2021 to 180,535 sq. ft. for Q1 2022.

Vacancy Declines

  • Hawaii’s retail vacancy rate continued to fall in Q1 2022 across all islands and all categories from an average of 8.1% vacancy last quarter to 7.2% this quarter.

Average Asking Rents on the rise

  • The weighted average asking lease rate across Hawaii increased from $4.56 NNN Q4 2021 to $4.68 NNN Q1 2022..