Skip to content
Welcome! Are you part of the community? Sign up now.
x

Posted over 7 years ago

Aloha from Hawaii, Purchase Your Piece of Paradise in the Pacific

Hawaii, The Aloha State, became the 50th and final state to be added to our union, and the only state comprised entirely of islands. Life in Hawaii offers a culture, climate, and community unlike any other. While this chain of islands may be small, Hawaii’s population of 1.4MM+ surpasses most populations of the contiguous states. This number is separate from the 8.2MM visitors that Hawaii sees yearly. Therefore, as expected, tourism is the top income-producing industry throughout the islands. Hawaii entertains tourists from around the world all season long. Coming in 2nd and closely related to tourism, the service industry, including hotels, resorts, personal services, and real estate account for Hawaii’s thriving economy.

If you’re buying property in Hawaii, plan on a big price tag, but expect an even bigger ROI. Hawaii is the mecca for commercial real estate investors looking for a big ROI and continuous yield on their investment from a high cost of living, and expensive leasing and rental rates. Hawaii’s commercial real estate market has always been stable and has even seen a spike in past few years thanks to multiple residential towers being built in Honolulu. Real estate professionals predict that economic and real estate activity should last at least until 2019 due to multiple upcoming construction and buildings plans. The commercial real estate market in Hawaii Is used to seeing a diverse group of buyers and investors, nationwide and worldwide. Office space is also limited and competitive in Hawaii. Vacancy rates throughout Hawaii office buildings are at an all-time low. Whether you’re looking to purchase or refinance an existing mortgage, Hawaii has a plethora of investing and finance options. With property values so high, there is financing options available for all your island deals!


Comments