• Vacancy rate on Oahu decreased 140 basis points from 10.9% in Q3 to 9.5% in Q4, which is the lowest vacancy rate for Oahu since 2008.
  • Downtown Honolulu’s vacancy rate fell in Q4 from 12.1% to 11.0%, which is also the lowest vacancy rate in Downtown since 2008.
  • Net absorption was positive on Oahu for six consecutive quarters for the first time since 2006.