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Hawaii's retail real estate market draws several national tenants, new report says

2015-07-03 07:26:19| Real Estate - Topix.net

Hawaii's retail real estate market continues to hum along, with the statewide vacancy rate dipping to 5.7 percent and asking rents increasing to $5.75 per square foot per month, when comparing quarter-over-quarter totals, a new report says. In the second quarter of 2015, Hawaii's retail market experienced positive net absorption, or space leased, of 9,351 square feet, mainly due to new tenant entries into Oahu and Maui regional malls and specialty centers, the CBRE Hawaii Retail MarketView said.

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