Hawaii Retail Figures Q1 2026

Market Highlights 

• The Honolulu retail market closed Q1 2026 with an overall availability rate of 5.0%, unchanged from the prior quarter.
• Net absorption totaled positive 14,000 sq. ft., a notable improvement from negative 57,000 sq. ft. in Q4 2025. No new properties were delivered, consistent with the previous quarter.
• The overall average net asking rent ended at $36.49 per sq. ft., reflecting a modest decline of $0.78 from the prior quarter.
• Investment sales activity slowed considerably, with total retail volume reaching $4.2 million, compared to $44.6 million at year-end 2025.