CBRE is the leading full-service commercial real estate company in Hawaii
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1003 Bishop Street,
Honolulu, HI 96813
Locally CBRE was responsible for more than 401 lease and sales transactions valued at approximately $563.1 million in 2022 and currently manages 8.3 million square feet of commercial properties. CBRE Hawaii employs a staff of more than 80 professionals in 8 offices (including on-site management offices) on three of the four major islands of Oahu, Maui and Kauai. Its spectrum of services includes Advisory & Transaction Services for office, retail and industrial properties, Capital Markets, Property Management, CBRE Hotels, Valuation & Advisory Services, Assessment & Consulting Services, Debt & Structured Finance, GWS Facilities and Project Management. CBRE in Hawaii is responsible for leasing more than 50% of the Class A office buildings in downtown Honolulu and participating in some of the Island's largest sales.
The Honolulu office is in the heart of downtown's Central Business District on the island of Oahu. In a region consisting of a land area of 6,423.4 square miles scattered on islands in the Pacific Ocean, the offices on Maui, Kauai and the Big Island (Hawaii) provide clients with a personal touch on those islands.
CBRE Hawaii is poised to serve clients wishing to take advantage of Hawaii's unique location and advanced telecommunications infrastructure.
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CBRE brokered the sale of Davies Pacific Center in Honolulu, Hawaii, a 380,462-sq.-ft. multi-tenant office tower and one of Hawaii’s most recognizable buildings in the downtown skyline.
Blair Bonuccelli Joins CBRE as Hawaii Market Leader
CBRE announced it has appointed Blair Bonuccelli Managing Director and Market Leader for its Hawaii business, effective today.
CBRE announced the sale of Pacific Park Plaza in Honolulu for $57.6 million to The STG Group on June 23, 2022.
Q4 2022 Hawaii Hotel Figures
Hawaii RevPAR increased 43.9% YOY from $189.89 in Q4 2021 to $273.27 in Q4 2022.
Average Daily Rates (ADRs) for the neighbor islands continue to be above the statewide average. M
Vacancy drops slightly
Hawaii’s retail vacancy rate drops slightly from 6.5% for Q3 2022 to 6.3% for Q4 2022
Net absorption increases
Statewide net absorptio
Net absorption remains low this quarter with limited actual availability
Hawaii’s industrial sector posted 151,443 SF of net absorption YTD 2022. In comparison, net abs
Hawaii Market Outlook 2022
The Hawaii 2021 Year in Review and 2021 Market Outlook captures trends and expectations across many facets of the Hawaii commercial real estate market. Topics include an overview o
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