• Retailers in Hawaii faced another challenging quarter in Q3, with public health concerns and government restrictions hindering the ability of many retailers to keep their doors open.
  • The statewide average net asking rate increased $0.06 in Q3 $4.79 per sq. ft., despite slowing demand.
  • As expected, net absorption continued to slide in Q3 2020, reaching (126,692) sq. ft. Year-to-date, net absorption is at (223,066) sq. ft. after three quarters.