Honolulu Industrial Investments
October 16th, 2008 categories: For Buyers
The agent that represents the company that owns the building in which RE/MAX 808 Realty resides, recently told me that he did not expect office vacancy rates to rise. His thesis was that during the recent real estate boom, there were no significant additions to Honolulu commercial office inventory. Last week’s Pacific Business News reported that supplies of Honolulu industrial space are very low too. Surprise, surprise, surprise it seems there were no significant additions to inventory either.
“Oahu’s vacancy rate last quarter was about 4 percent, only slightly higher than the same quarter a year ago when it was 3.8 percent, according to the industrial market report by Colliers Monroe Friedlander.”
CLICK HERE TO READ THE PBN ARTICLE
Looking down the Ala Wai from Iolani School
So why report this? If you are an investor thinking about purchasing or doing an exchange into a better performing market and/or property, then Honolulu might just be the place for you. If you would like to discuss opportunities, please feel free to call me at 808-737-2093 (toll free-877-737-2093).
; ?>/images/MatoChiclet.gif)
