CBRE Compiles 4th Quarter Retail, Office and Industrial MarketViews  Retail Vacancy Declines; Office and Industrial Vacancies Rise

The CBRE Hawaii MarketView reports give important details, comparisons and developments in retail, office and industrial sectors in the fourth quarter of 2011:

Retail Highlights – “Retail Occupancy Increases”* Regional Malls have lowest vacancy; strip malls highest vacancy* Average asking rents fell .46 cents in 2011

Office Highlights – “Honolulu vacancy remains at 15.5%”* Large tenants continue downsizing space* Operating expenses stay flat

Industrial Highlights – “Industrial Losses Continue to Mount in 2010”* Vacancy rate climbs to 5.3% in 4th quarter * Industrial investors are seeking out early recovery bargains

The complete set of CBRE MarketView Hawaii 4th quarter reports accompany this release. CBRE is the largest commercial real estate services firm in the world.

Retail MarketView data is compiled from a set of 75 retail properties, in five categories including Community Centers, Regional Malls, Resort Centers, Strip Centers and Value Centers across the State, and are used historically by CBRE in Hawaii to reflect general market conditions.

Office MarketView data is compiled from a set of 100 office buildings concentrated within the Central Business District (CBD) Downtown and Suburban Business Districts used historically by CBRE in Hawaii to reflect general market conditions.
Industrial MarketView data is compiled from a set of 2,390 parcels with industrial buildings and 4,033 vacant land parcels across the State used historically by CBRE to reflect general market conditions.

About CBRE Group, Inc.CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue).  The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.