The vacancy rate for the Honolulu office market rose to and islandwide 14.9 percent during the second quarter, led by losses of occupancy in the airport and Leeward areas, according to a new report from Hawaii Commercial Real Estate.
Four of the 10 submarkets tracked in the company’s survey lost occupancy, while three gained and three remained flat.
“While employment growth is positive, it hasn’t be robust enough to offset tenants putting more employees in less space,” the report said.…
via Honolulu Business News – Local Honolulu News | Pacific Business News of Honolulu http://feeds.bizjournals.com/~r/bizj_pacific/~3/Fa5ICgFl1t8/honolulu-office-vacancy-rate-rises-to.html
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