Waikiki Retail Figures 1H 2022

Visitors return in large numbers

• A total of 4,402,151 visitors arrived in Hawaii through June 2022 YTD, compared to 2,751,849 visitors during the same period in 2021

 

Vacancy Rate increases while Asking Rates decline

• The vacancy rate in Waikiki remained relatively unchanged compared to 2H 2021, with only two new smaller spaces being vacated this year

 

Net Absorption continues to decline to end 2021

• Net absorption has been minimal this year with no new tenants moving in and only two small tenants giving back space