Honolulu, the center of Hawaii, is a city where Asian, Western, and Pacific cultures mix, creating an ideal environment for CRE investing. As the primary entry point to the islands and a key center for finance, hospitality, and military defense, commercial real estate in Honolulu presents investors with a significant opportunity. The city's developed infrastructure, featuring the largest port in Hawaii and the Honolulu International Airport, supports a strong tourism industry and a varied economy. The presence of the University of Hawaiʻi system contributes to Honolulu's attractiveness for businesses and investors. Its scenic beaches and coastline not only draw millions of tourists each year but also improve the living and working conditions for locals and employees, making it an attractive place for commercial real estate investments.
Honolulu's commercial real estate listings are well-placed to benefit from the city's economic and tourist appeal. These properties are close to major transport routes, neighborhoods like Waikiki, and important commercial areas. Industrial properties in Honolulu serve logistics, storage, and light manufacturing, leveraging the city's role as a shipping and distribution center in the Pacific. Apartment buildings allow investors to engage with the city’s housing market, which reflects Honolulu’s varied and lively population. Office spaces in Honolulu are in demand, positioning the city as a crucial business and financial hub, with options ranging from high-rise buildings downtown to smaller spaces in the suburbs. Hotels in Honolulu are near famous beaches and cultural sites, offering high potential returns because of the city's lasting appeal as a tourist destination. For investors interested in a “like-kind” property for a 1031 exchange, Honolulu offers suitable properties. The range of commercial real estate in Honolulu meets various investment strategies, reinforcing the city’s position as a leading location for real estate investment.
How many commercial real estate listings are available for sale in Honolulu?
There are currently 117 commercial real estate listings available for sale in Honolulu.
What factors should I consider when searching for commercial real estate for sale in Honolulu?
When searching for commercial real estate in Honolulu, it's crucial to assess several key aspects to ensure the property meets your business needs.
- Consider the economic landscape of Honolulu, which includes a strong tourism sector, diverse business environment, and significant military presence, influencing demand and opportunities.
- Evaluate proximity to essential infrastructure and amenities such as the Honolulu International Airport, major highways, and the city's commercial centers to enhance accessibility for customers and employees.
- Assess the local market and competition by understanding the presence of similar businesses and commercial properties, which could impact your operation's success.
How much does it cost to buy commercial real estate in Honolulu?
The cost to buy commercial real estate in Honolulu varies, the average price per square foot is $604, with an average size of 15,481 SF.
What is the largest commercial real estate available to buy in Honolulu?
The largest commercial real estate listing available in Honolulu spans 362,639 SF.
Why is Honolulu an ideal location for commercial real estate for sale?
Honolulu serves as a center for business and tourism, offering a diverse mix of cultures and a strong economy, making it an appealing market for 117 commercial real estate listings.
When you buy property in Hawaii do you own the land?
Yes, when you purchase a property in Hawaii, you typically own the land; however, there are a few exceptions.
- In some cases, properties are sold as leasehold, meaning you own the structure but lease the land from the landowner for a specified period.
- Understanding the type of ownership—fee simple vs. leasehold—is crucial before making a purchase.
Size Summary For Honolulu Commercial Real Estate
| Commercial Real Estate Size | Square Feet |
| Maximum | 362,639 SF |
| Average | 15,481 SF |
| Minimum | 256 SF |
Cap Rate for Honolulu Commercial Real Estate
| Commercial Real Estate Cap Rate | Cap Rate Percentage |
| Maximum | 11.06% |
| Average | 4.71% |
| Minimum | 1.96% |
Prices for Honolulu Commercial Real Estate
| Commercial Real Estate Price | Price Per SF |
| Maximum | $2,687 Per SF |
| Average | $604 Per SF |
| Minimum | $46 Per SF |
