Highlights of Colliers 2Q 2013 Industrial Market Report

A couple of highlights, courtesy of William Froelich, Vice President | Hawaii Industrial Division Manager, Colliers International:

1. Island wide vacancy rate is 3.15%, with projected vacancy under 3% by year end. (We have not seen this since 2007)
1. Central Business district vacancy rate less then 2%.
2. Average rental rate averages over $1.00 psf triple Net.
2. Spec building is not supportable by the standard investor until rental rates rise another 30%.
1. With no relief in site, we predict that will happen by more than 10% per year.
3. Pressure on our industrial market as a result of general economic improvement, rail, housing boom in kakaako, tourism, and military spending will create raw land demand where there are availabilities. (out west)

 Download complete report here