{"id":1004103597,"date":"2014-09-11T12:58:52","date_gmt":"2014-09-11T20:58:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004103597"},"modified":"2020-05-14T01:51:21","modified_gmt":"2020-05-14T09:51:21","slug":"market-snapshot-positive-pace-in-hawaii","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/","title":{"rendered":"MARKET SNAPSHOT: Positive Pace in Hawaii"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004103600\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/oahu-submarkets-by-vacancy\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg\" data-orig-size=\"490,234\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Oahu Submarkets by Vacancy\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg?w=490\" class=\"alignright size-medium wp-image-1004103600\" alt=\"Oahu Submarkets by Vacancy\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg\" width=\"300\" height=\"143\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg 490w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg?resize=300,143 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>By Adriana Pop, Associate Editor<\/p>\n<p>In the context of an improving economy led by tourism, Oahu\u2019s office market remained stable during the second quarter of 2014, with a positive quarter-over-quarter net absorption of 14,094 square feet.<\/p>\n<p>In Honolulu, <a href=\"https:\/\/www.cbre.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\"><i>CBRE<\/i><\/a><i> Inc.<\/i> data shows that the vacancy rate decreased, going from 14.5 percent in the first quarter to 14.4 percent by mid-year, while the average gross asking rent of $2.95 per square foot remained relatively stable for six consecutive quarters.<\/p>\n<p>These trends can be attributed to the higher demand for office space generated by tourism-based businesses statewide.<\/p>\n<p>The city\u2019s suburban area experienced the highest improvements in vacancy, as well as increased long-term leasing activity. East Oahu, Windward and Central Oahu are the region\u2019s most occupied submarkets, while Downtown Honolulu, West Oahu and Waikiki have experienced the highest vacancy rates.<\/p>\n<p>The second quarter also ended with a series of notable office building sales in Honolulu. In June, for instance, two California firms\u2014Atalanta Realty Investments and McKinney Capital Group\u2014<a href=\"https:\/\/www.bizjournals.com\/pacific\/print-edition\/2014\/06\/06\/california-firms-buy-3-local-office-buildings.html\" rel=\"nofollow\"><i>purchased a total of three Downtown office properties<\/i><\/a>.<\/p>\n<p>For the first half of 2014, however, the Oahu office market experienced a negative year-to-date net absorption of 113,622 square feet. And though net absorption was positive at 14,049 square feet in the second quarter, it was lower than the total positive net absorption of 53,136 square feet in the second quarter of 2013.<\/p>\n<p>Hawaii\u2019s unemployment rate decreased year-over-year, going from 4.9 percent in 2013 to 4.4 percent during the second quarter, according to a report released by the Bureau of Labor Statistics. This rate continues to be lower than the national average of 6.3 percent, and has remained so for the past 35 years.<\/p>\n<p>In Honolulu, the overall unemployment rate was 4.2 percent as of May 2014. Year-over-year, employment in the city\u2019s office-using sectors increased by 2.5 percent for the financial services industry and by 1.1 percent for the professional and business services sector.<\/p>\n<p><b><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Retail-Rents.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004103601\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/hawaii-retail-rents\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Retail-Rents.jpg\" data-orig-size=\"392,295\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Hawaii Retail Rents\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Retail-Rents.jpg?w=392\" class=\"alignleft  wp-image-1004103601\" alt=\"Hawaii Retail Rents\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Retail-Rents.jpg\" width=\"270\" height=\"203\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Retail-Rents.jpg 392w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Retail-Rents.jpg?resize=300,226 300w\" sizes=\"auto, (max-width: 270px) 100vw, 270px\" \/><\/a>Positive Retail Sector<\/b><\/p>\n<p>Hawaii\u2019s retail market experienced a positive quarter-over-quarter net absorption of 20,236 square feet during the second quarter, according to <a href=\"https:\/\/www.google.ro\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=5&amp;ved=0CDQQFjAE&amp;url=http%3A%2F%2Fwww.cbre.com%2F&amp;ei=BzPRU_uZEo2V7AbnhIC4Bw&amp;usg=AFQjCNE5Pm3VWGKx6aOiw6FKe3FWknqtFg&amp;bvm=bv.71667212,d.ZGU\" rel=\"nofollow\"><i>CBRE<\/i><\/a>, while statewide, the sector\u2019s vacancy rate decreased slightly, from 5.7 to 5.6 percent. Community and neighborhood centers saw the greatest vacancy improvements, along with the resort centers, which were the best-performing locations given their higher exposure to both tourists and locals. Meanwhile, the occupancy rate for specialty and outlet centers remained flat.<\/p>\n<p>Hawaii\u2019s average gross asking rent, along with the average net asking rate, remained virtually unchanged quarter-over-quarter, at $7 and $5.21 per square foot triple net, respectively.<\/p>\n<p>Leasing and sales activities remained strong, as national retailers continued to expand their businesses across Oahu and the neighboring islands.<\/p>\n<p>Furthermore, by the end of the first half, Hawaii\u2019s retail and hotel industries had attracted more than $1 billion in investment. Notable transactions and announcements included Macy\u2019s commitment to anchor the regional mall development Ka Makana Alii in West Oahu, the Royal Hawaiian Center leasehold sale to J.P. Morgan Asset Management in Waikiki, and Whole Foods Market\u2019s decision to open a flagship store at Ward Properties in Honolulu\u2019s Kakaako district.<\/p>\n<p><b><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Industrial-Rents.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004103602\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/hawaii-industrial-rents\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Industrial-Rents.jpg\" data-orig-size=\"476,212\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Hawaii Industrial Rents\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Industrial-Rents.jpg?w=476\" class=\"alignright size-medium wp-image-1004103602\" alt=\"Hawaii Industrial Rents\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Industrial-Rents.jpg\" width=\"300\" height=\"133\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Industrial-Rents.jpg 476w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Hawaii-Industrial-Rents.jpg?resize=300,134 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Investment Interest in Industrial <\/b><\/p>\n<p>During the second quarter, Hawaii\u2019s industrial market saw a negative net absorption year-over-year of 60,245 square feet , according to <a href=\"https:\/\/www.cbre.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\"><i>CBRE, <\/i><\/a>while the availability rate decreased across all islands, going from 3.3 percent in the second quarter of 2013 to 2.3 percent in the second quarter of 2014. Pearl City\/Aiea, Kapolei and Windward were the best-performing locations on Oahu.<\/p>\n<p>On a quarter-over-quarter basis, however, availability increased slightly, going from 2.2 percent in the first quarter of 2014 to 2.3 percent in the second quarter, while the base asking lease rents remained unchanged at 99 cents per square foot triple net. In the near future, however, lease rates are expected to go up with the tightening of the market.<\/p>\n<p>As statewide industrial space remained minimal in the second quarter, the volume of lease transactions was less than 5,000 square feet, below the level of the previous quarter.<\/p>\n<p>On Oahu, industrial sales activity totaled about $19 million, lower than the level registered in 2013.<\/p>\n<p>Notable industrial land transactions within the same period included the purchase of the 54-acre Kapolei Business Park Phase 2 by Avalon Development Co. and Walton Street Capital LLC of Chicago. The joint venture paid $24 million for the property. In a separate transaction, the companies also acquired the 123-acre Kapolei Business Park West in West Oahu for approximately $60 million. Meanwhile, Eagle Leasing Inc. of Alabama purchased three acres of industrial land in Kapolei for $3.8 million.<\/p>\n<p><i>Charts courtesy of <\/i><a href=\"https:\/\/www.cbre.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\"><i>CBRE Inc.<\/i><\/a><i> <\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the context of an improving economy led by tourism, Oahu\u2019s office market remained stable during the second quarter of 2014, with a positive quarter-over-quarter net absorption of 14,094 square feet, while retail improved and industrial continued to attract investors despite a slow performance.<\/p>\n","protected":false},"author":260,"featured_media":1004103600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,15],"tags":[39435],"class_list":["post-1004103597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-west","tag-honolulu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MARKET SNAPSHOT: Positive Pace in Hawaii - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MARKET SNAPSHOT: Positive Pace in Hawaii\" \/>\n<meta property=\"og:description\" content=\"In the context of an improving economy led by tourism, Oahu\u2019s office market remained stable during the second quarter of 2014, with a positive quarter-over-quarter net absorption of 14,094 square feet, while retail improved and industrial continued to attract investors despite a slow performance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-11T20:58:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T09:51:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"490\" \/>\n\t<meta property=\"og:image:height\" content=\"234\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"MARKET SNAPSHOT: Positive Pace in Hawaii\",\"datePublished\":\"2014-09-11T20:58:52+00:00\",\"dateModified\":\"2020-05-14T09:51:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/\"},\"wordCount\":737,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/Oahu-Submarkets-by-Vacancy.jpg\",\"keywords\":[\"Honolulu\"],\"articleSection\":[\"In Focus\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/\",\"name\":\"MARKET SNAPSHOT: Positive Pace in Hawaii - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/Oahu-Submarkets-by-Vacancy.jpg\",\"datePublished\":\"2014-09-11T20:58:52+00:00\",\"dateModified\":\"2020-05-14T09:51:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/Oahu-Submarkets-by-Vacancy.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/Oahu-Submarkets-by-Vacancy.jpg\",\"width\":490,\"height\":234},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/market-snapshot-positive-pace-in-hawaii\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MARKET SNAPSHOT: Positive Pace in Hawaii\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\\\/\\\/www.linkedin.com\\\/in\\\/ioana-adriana-pop-811772108\\\/.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adriana-pop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MARKET SNAPSHOT: Positive Pace in Hawaii - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/","og_locale":"en_US","og_type":"article","og_title":"MARKET SNAPSHOT: Positive Pace in Hawaii","og_description":"In the context of an improving economy led by tourism, Oahu\u2019s office market remained stable during the second quarter of 2014, with a positive quarter-over-quarter net absorption of 14,094 square feet, while retail improved and industrial continued to attract investors despite a slow performance.","og_url":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-09-11T20:58:52+00:00","article_modified_time":"2020-05-14T09:51:21+00:00","og_image":[{"width":490,"height":234,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg","type":"image\/jpeg"}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/"},"author":{"name":"Adriana Pop","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"headline":"MARKET SNAPSHOT: Positive Pace in Hawaii","datePublished":"2014-09-11T20:58:52+00:00","dateModified":"2020-05-14T09:51:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/"},"wordCount":737,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg","keywords":["Honolulu"],"articleSection":["In Focus","West"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/","url":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/","name":"MARKET SNAPSHOT: Positive Pace in Hawaii - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg","datePublished":"2014-09-11T20:58:52+00:00","dateModified":"2020-05-14T09:51:21+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg","width":490,"height":234},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/market-snapshot-positive-pace-in-hawaii\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"MARKET SNAPSHOT: Positive Pace in Hawaii"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Oahu-Submarkets-by-Vacancy.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004103597"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103597\/revisions"}],"predecessor-version":[{"id":1004440621,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103597\/revisions\/1004440621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004103600"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004103597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004103597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004103597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}