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Office vacancy rate increases on Oahu

Relocations by two major agencies have a negative impact on the leasing market

By Andrew Gomes

POSTED: 01:30 a.m. HST, Jul 14, 2014

~~<p>Two steps forward and one step back. That appears to be how a recovery is going for the office leasing market on Oahu, according to a new report.</p>
<p>During the last two years, office vacancies on the island improved as the market shook off lingering effects of the recession. But so far this year there's been a major rise in vacancies, according to the report by commercial real estate firm Colliers International.</p>
~~

Two steps forward and one step back. That appears to be how a recovery is going for the office leasing market on Oahu, according to a new report.

During the last two years, office vacancies on the island improved as the market shook off lingering effects of the recession. But so far this year there's been a major rise in vacancies, according to the report by commercial real estate firm Colliers International. Login for more...



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