Hawaii Retail Figures Q4 2025

Market Overview 

• The Honolulu retail market closed Q4 2025 with an availability rate of 5.%. The overall availability rate was unchanged from Q3 2025.
• The total retail sq. ft. absorbed in Q4 2025 was negative 23,000 sq. ft., compared to negative 22,000 sq. ft. in Q3 2025.
• No properties delivered in Q3 2025, compared to 5,000 sq. ft. in Q3 2025.
• The overall average net asking rent for retail in Honolulu ended Q4 2025 at $37.31, representing a -$0.32 change from Q3 2025.
• The total retail investment sales in Q4 2025 amounted to $44.6 million in total volume, compared to $86.2 million in Q3 2025.