Figures
Honolulu Office Figures Q4 2025
January 28, 2026 5 Minute Read
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Market Overview
- Net absorption turns negative in Q4
- The market recorded -39,956 SF, reversing +59,423 SF in Q3
- Vacancy rate inches up to 11.8%
- Overall vacancy rose 20 bps with Class A at 12.2% and Class B at 11%
- Asking rents hold steady at $3.61 PSF/month
- Average gross rents remained flat quarter-over-quarter, up 3.4% year-over-year.