Hawaii Retail Figures Q4 2022

Vacancy drops slightly

• Hawaii’s retail vacancy rate drops slightly from 6.5% for Q3 2022 to 6.3% for Q4 2022

Net absorption increases

• Statewide net absorption increases to 40,984 SF, ending the year with 361,252 SF of net absorption for YTD 2022

Average asking rents remain relatively the same

• The weighted average asking lease rents across Hawaii remain relatively the same at $4.71 NNN compared to $4.72 NNN Q3 2022