Q3 2023 Oahu industrial market report
Please find the enclosed Q3 2023 Oahu Industrial Market Report. This report discusses the overall health of the industrial sector in Hawaii, inflation, the effect of the Lahaina fires on industrial real estate, and OPEX.
Vacancy rates have set another all time low. Our 41 million-square-foot industrial market has less than 300,000 square feet of available space, regardless of size.
We look forward to discussing its contents and look forward to being a valuable resource to your business.
Let’s talk about our market. Let’s talk about taxes. Let’s talk about depreciation. Let’s talk about construction costs. Let’s talk about current and future availabilities.
Julia agrees that the industrial market is strong!
Commercial real estate and the economy
1. I attended Colliers national industrial conference two weeks ago in Arizona. This slide deck on the health of the industrial sector was particularly helpful to me.
2. An article regarding the slowing of national industrial activity from its red-hot pace.
3. A Marcus & Millichap article on the causes of rising insurance rates in the US. [must sign up to read]
4. A Colliers capital markets snapshot.
5. An article about why a recession might not be up to the Fed and its monetary policy.
I was up late the other day pondering the future of industrial real estate in Hawaii. I wrote this one-page white paper lamenting its challenges. It is my opinion. My company has not authorized me — in fact, they discouraged me — to send it out. I would be interested in discussing its contents with you. Contact me to discuss it.
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