Updated at 2:36 p.m., Monday, November 20, 2006
Honolulu has lowest vacancy rate for industrial space
Advertiser Staff
Honolulu maintained the lowest rate of vacant industrial real estate among 55 U.S. metropolitan markets in the third quarter, despite a slight increase in empty space, according to a report by Colliers International.Colliers said 2.16 percent of Honolulu industrial space was vacant, up from 1.83 percent in the second quarter.
For both quarters, Honolulu's vacancy rate was the lowest of 55 markets surveyed, and was followed by Los Angeles, which saw its vacancy rate decline from 2.91 percent to 2.72 percent in the survey period.
The average vacancy rate declined from 8.31 percent to 8.24 percent from the second to third quarter.
