Figures
Hawaii Industrial Figures 2024 Q3
October 21, 2024 5 Minute Read
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Availability rates increased slightly
‒Statewide availability rate increased slightly from 1.5% to 1.6% in Q3 2024.
Continued low availability and negative absorption in Q2 2024
‒Hawaii’s industrial sector experienced negative net absorption of 160,393 for Q3 2024 compared to 12,439 SF of negative net absorption for Q2 2024.
Average net asking lease rates decline
‒Average net asking lease rates declined from $1.46/SF in Q2 2024 to $1.43/SF in Q3 2024 Operating Expenses remained the same at $0.43/SF for Q3 2024.