With the COVID-19 pandemic leading to a number of professionals working from home, cities across the globe have shown decreased demand for rentals in inner cities and higher demand in the suburbs.

Honolulu has a very seasonal rental market due to its popularity as a tourist destination. Travel restrictions placed on expatriates and tourists alike have slowed the rental market, which has been good for renters. The typical limited inventory and high rental rates have stabilized as a result and supply appears to be increasing.