Retail in the Aloha State finished 2018 considerably strong, with positive absorption pushing vacancy down for the third quarter in a row. As changing demographics continue to be the primary driver of the retail transformation story, shopping in Hawaii has become increasingly focused on cohesive tenant mixes that elevate the shopping experience for both visitors and locals. The relatively-limited inventory of retail space in Hawaii, due to a lack of available land, necessitates maximized space utilization.