Hawaii’s unemployment rate reached 22.6% in May, a staggering figure compared to a year ago when it was 2.4%.
For Waikiki, a lot will hinge on when tourists will be able to safely travel again to the area. Hawaii’s low case count should help the situation, but much will also depend on cases slowing in areas where travelers are originating.
Most new vacancy in Waikiki was at International Marketplace on 2300 Block Mauka. The largest closure was the Clarks shoe store, which occupied 2,500 sq. ft.