Figures
Honolulu Office Figures Q1 2025
May 5, 2025 5 Minute Read
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Overall negative net absorption in Q1 2025
‒The office sector across Oahu experienced 36,484 SF of negative net absorption.
Vacancy rates increase while availability rates decrease across Oahu
‒The office vacancy rate increased to 11% in Q1 2025, and the availability rate decreased to 12.5%
Overall Asking Rents and OpEx rates Increase
‒Average gross asking rents increased from $3.46 in Q4 2024, to $3.54 in Q1 2025.
‒Average OpEx rates increased from $1.64 in Q4 2024, to $1.69 in Q1 2025.