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Honolulu Retail Space for Sale
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Retail Space For Sale in Honolulu
Honolulu is the capital and largest city in Hawaii and offers a great opportunity for CRE investing in retail spaces. This city is a significant entry point to the Pacific and a key location for business, finance, hospitality, and military defense, which offers a solid foundation for commercial activities. Retail locations in Honolulu are desirable due to the city's substantial visitor count, varied population, and a mix of Asian, Western, and Pacific cultures, creating a distinctive environment for shopping and dining. The city's infrastructure, including excellent transport, a strong education system with the University of Hawaiʻi, and a geography that draws millions of tourists each year, supports a lively retail market. These factors combine to make retail spaces in Honolulu an appealing option for investors interested in the city's economic and cultural scene.
Retail spaces in Honolulu gain a significant advantage from being near major tourist destinations and areas with high foot traffic, like Waikiki and Ala Moana. These areas are key for retail but also act as central points that attract both tourists and local residents, maintaining a dynamic commercial atmosphere. Apart from retail, Honolulu has a range of commercial properties, including shopping centers, restaurants showcasing the city's diverse food culture, and office spaces for the growing business sector. Hotels are also crucial, backing the strong tourism sector and offering opportunities for joint ventures. For investors searching for a property for a 1031 exchange, Honolulu offers suitable properties.
Learn About Retail Space For Sale in Honolulu
How many retail space listings are available for sale in Honolulu?
What factors should I consider when searching for retail space for sale in Honolulu?
- The city's economy, including its strong tourism sector and status as a business and trading hub, can impact the success of retail operations.
- Proximity to key infrastructure and amenities like Honolulu's major tourist destinations, transportation hubs, and the downtown financial district can enhance customer foot traffic.
- The local market and competition, given the high density of retail spaces in areas such as Waikiki, Ala Moana, and downtown Honolulu, requires careful analysis to find the right location with optimal visibility.
How much does it cost to buy a retail space in Honolulu?
What is the largest retail space available to buy in Honolulu?
Why is Honolulu an ideal location for retail space for sale?
Size Summary For Honolulu Retail Space
Retail Space Size | Square Feet |
---|---|
Maximum | 30,522 SF |
Average | 7,352 SF |
Minimum | 590 SF |
Cap Rate for Honolulu Retail Space
Retail Space Cap Rate | Cap Rate Percentage |
---|---|
Maximum | 20.36% |
Average | 5.77% |
Minimum | 1.98% |
Prices for Honolulu Retail Space
Retail Space Price | Price Per SF |
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Maximum | $6,041 Per SF |
Average | $811 Per SF |
Minimum | $76 Per SF |
Commercial Real Estate Explained
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