{"id":669,"date":"2014-04-23T16:41:09","date_gmt":"2014-04-23T23:41:09","guid":{"rendered":"http:\/\/www.officefinder.com\/officeblog\/?p=669"},"modified":"2014-04-23T16:41:09","modified_gmt":"2014-04-23T23:41:09","slug":"honolulu-office-space-hot-market","status":"publish","type":"post","link":"https:\/\/www.officefinder.com\/officeblog\/honolulu-office-space-hot-market\/","title":{"rendered":"Honolulu Office Space: A Hot Market?"},"content":{"rendered":"<p><a href=\"https:\/\/www.officefinder.com\/m\/524\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" alt=\"Honolulu office space rep\" src=\"https:\/\/www.officefinder.com\/images\/Tenant-Rep-Photos\/Honolulu-Office-Space-524-227_S.jpg\" width=\"80\" height=\"100\" \/><\/a>Unfortunately, the air temperature is the only thing that is hot related to Honolulu office space. Although, according to our <a title=\"Local honolulu office space rep\" href=\"https:\/\/www.officefinder.com\/m\/524\" target=\"_blank\">local OfficeFinder rep<\/a> the Honolulu office space market is beginning to hold its own:<\/p>\n<p>&#8220;After two quarters of negative absorption, Honolulu\u2019s office market registered slight positive absorption in the 4th quarter of 2013 to keep vacancy unchanged at 13.1 %. Healthy occupancy gains in Kakaako and Kalihi\/Iwilei were offset by losses in the Airport and Kapiolani submarkets. Downtown\u2019s class A high rises which account for about a third of the island\u2019s inventory remained unchanged at 13.7% vacant. The vacancy range was unchanged from the previous quarter: 5.0% (East Oahu) to 20.9% (Waikiki). Average asking base rents and operating expenses remained unchanged as did the resulting $3.05\/sf\/month Full Service Gross (FSG) rent (base rent plus full service operating expenses). However, Hawaii Commercial Real Estate\u2019s index of available spaces decreased 3% from 651 to 634 spaces across the island.&#8221;<\/p>\n<p>Honolulu is a relatively small market with a little over 11 million square feet of office space. If you are <a title=\"find Honolulu office space\" href=\"https:\/\/www.officefinder.com\/Local\/Honolulu-Office-Space-HI\/\" target=\"_blank\">looking for Honolulu office space<\/a>, we&#8217;d love to help.<\/p>\n<p>By: <a title=\"James Osgood Google+ Profile\" href=\"https:\/\/plus.google.com\/107922107677932936899?rel=author\" target=\"_blank\">James Osgood<br \/>\n<\/a>OfficeFinder<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unfortunately, the air temperature is the only thing that is hot related to Honolulu office space. Although, according to our local OfficeFinder rep the Honolulu office space market is beginning to hold its own: &#8220;After two quarters of negative absorption, Honolulu\u2019s office market registered slight positive absorption in the 4th quarter of 2013 to keep\u2026 <a href=\"https:\/\/www.officefinder.com\/officeblog\/honolulu-office-space-hot-market\/\">Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[169],"class_list":["post-669","post","type-post","status-publish","format-standard","hentry","category-office-space-market-information","tag-honolulu-office-space"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\r\n<title>Honolulu Office Space: A Hot Market?<\/title>\r\n<meta 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