Business Report: Our retail sector

Business Report: Our retail sector

HONOLULU (HawaiiNewsNow) - CBRE says retail employment is ebbing and vacancy is rising as we shop more online. But vacancy is actually still pretty low at almost every kind of retail.

8 Regional Malls: 7.4m sq. ft., 4%. (Pearlridge.)
24 Specialty Centers: 2.3m sq. ft., 7%. (Int'l Market Place, hotels.)
80 Power Centers or Community Centers: 11.8m sq. ft., 1%. (Hawaii Kai Towne Center.)
2 Outlet Centers: 356K sq. ft., 1%. (Waikele Outlets.)
18 Strip Centers: 1m sq. ft., 1%. (Market City.)

Looking at vacancy by island – it's 4% on the Big Island, 5% on Oahu, 6% on Kauai, and nearly 12% on Maui.

Copyright 2018 Hawaii News Now. All rights reserved.