Five Advantages of Buying Commercial Real Estate in Hawaii
Hawaii is famed for its world-famous, pure white-sand beaches and near-perfect year-round weather, making it one of the world’s most popular tourist destinations, attracting millions of visitors each year. The Aloha State is also gaining popularity among commercial real estate investors, who visit its shores not for a holiday but to buy assets. Hawaii saw big-wave investments in commercial real estate in 2018, with a record overall sales volume of $5.2 billion. Because of the COVID-19 pandemic, which disrupted global real estate investments, that number plummeted in 2020 and the first half of 2021. However, as more investors resurface and seek to take advantage of the benefits of investing in Hawaii’s wealthy commercial real estate market, interest in Hawaii real estate investment is picking up again. The second half of this year will see a solid recovery, with investment sales volume expected to top $2 billion in 2021. The shortage of supply of properties and suitable land will highlight the increasing demand for Hawaii investment properties. This allows for a growing market for limited properties, with little or no long-term repercussions from the pandemic.