According to a report released by Colliers International, commercial real estate sales reached over $2.21 billion in 2012. This was the first time in five years that commercial real estate sales surpassed $2 billion, and represented an 81 percent increase from the $1.22 billion of sales recorded in 2011. The report stated, “Since the depth of the recession in 2009, Hawaii commercial real estate sales volume has more than tripled, marking a return to levels seen prior to the Great Recession. With the current low interest-rate environment and volatile stock market conditions, many investors sought out real estate as a source to diversify and strengthen their investment portfolios. Investment interest should continue to remain strong for the near term as offshore institutional investors continue to covet prime Hawaii properties.”
Source: Honolulu Star Advertiser, 2-22-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
