Downtown Honolulu’s Class A office towers recorded nearly 28,000 square feet of new tenancy in the third quarter, as businesses moved in a “flight to quality,” according to a new report by Hawaii Commercial Real Estate.
Islandwide, the Oahu office market saw the vacancy rate decline to 14.2 percent in the third quarter from 14.6 percent during the previous quarter. Gains in the downtown central business district and Leeward Oahu helped to boost absorption to a total 45,863 square feet of newly occupied…
via Honolulu Business News – Local Honolulu News | Pacific Business News of Honolulu http://feeds.bizjournals.com/~r/bizj_pacific/~3/Jc71ciy33JU/honolulu-office-vacancy-rate-declines.html
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