Higher Rates in Honolulu Could Mean More Industrial Real Estate for Kapolei
Kapolei real estate could attract more businesses
Right now, Hawaii real estate is seeing a dramatic increase in rent for industrial real estate, especially in Honolulu, where rates are becoming almost unmanageable. This means that industrustrial real estate may have to head to sites outside of Honolulu, including to Kapolei. And, with Kapolei road projects improving the infrastructure of the city, as well as its connection to Honolulu, it would not be surprising to see Kapolei real estate become more desirable. The Star Bulletin reports on Hawaii industrial real estate:
businesses forcing them to relocate to lower cost industrial markets
outside of urban Honolulu, or even worse, to close their businesses."
For more on Kapolei real estate, and Hawaii real estate trends, contact John Riggins by email or by phone: 808-523-7653.
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