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Economic Recovery Is Under Way For Hawaii Commercial Real Estate

Ala Moana Shopping Center in Waikiki.

Ala Moana Shopping Center in Waikiki.

Signs of life: More Hawaii commercial real estate deals are taking place, and the price tags are bigger. All signs show economic recovery is under way in earnest in the Hawaii commercial real estate market.

According to a report in Hawaii News Now, there were 182 deals over $1 million in value in 2012, up 34 percent from the previous year. Hotel deals accounted for only about 10 percent of the sales activity. Retail deals made up 42 percent of the total.

For the first time in six years, all major commercial property types rose – office, retail, industrial, hotel. Investors bought 56 apartment buildings in Hawaii in 2012.

Check out the full article on Hawaii News Now.

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