Hawaii CRE resources and historic industrial transaction velocity
We will soon issue our end-of-year Investment Market Report which showed a transaction volume in dollars similar to our long-term average of $2 billion, despite interest rates having risen more than 300 basis points. I was surprised by that resiliency.
This caused me to think about and study industrial transaction volume over the long term. I found the enclosed graph interesting and indicative of some of the stressors our industrial market is feeling relating to land and space availability, construction costs, industrial labor availability, and macro issues such as interest rates. Between 2022 and 2023, industrial transaction volume decreased by over 25%, but the dollar volume decreased by more.
I hope this data spurs a conversation.
Commercial real estate and the economy
An excellent article titled 10 Trends Driving Commercial Real Estate in 2024.
A Stanford article titled 7 Economic Trends To Watch In 2024.
An article titled 10 Things Tenants Are Thinking About Regarding Supply Chain Real Estate.
An article titled Hawaii's Construction Boom Will Require Workers From The Mainland.
We look forward to discussing.
Being a Washington Husky, today is an anxious day in the Froelich household. Julia knows a strong defense and protecting the ball wins games.
I have made my entire career about helping my clients Think Like A Professional Owner. All of my advice, education and passion is built around helping my clients make professional and informed decisions and not forgetting that little things matter in commercial real estate. I hope to be a valuable resource to your life, legacy and business.
Knowing that we have to build a relationship and have a conversation for that to happen, I hope you give me the opportunity to assist you or anyone you know in the future.
Aloha,
Bill
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