Presented to Hawaii Developers Council July 2005 Roger B. Lyons (B) RETAIL MARKET OVERVIEW Hawaii Developers Council
Retail Services Hawaii Developers Council 2 Land values are up Users are pricing developers out of the market Hawaii is hot, expect more interest Construction prices are driving rents up Trends
Retail Services Hawaii Developers Council 3 Rents selectively Vacancy Construction Trends
Retail Services Hawaii Developers Council 4 Safeway (Kapahulu) Public Storage (Kapiolani) Kapiolani Hospital (Beretania/Kapiolani) Best Buy (Iwilei) Hawaii Self Storage (Waialae) Aloha Island Self Storage (King/Kalakaua) User Deals Honolulu
Retail Services Hawaii Developers Council 5 Kapolei o Kapolei Parkway o Kapolei Commons o Kapolei Center Ewa o Kunia S.C. o Lualani Center Pearl City o Wal-Mart o 13-Acre Site o Drive In o Best Buy Development - Oahu Honolulu o Best Buy (Iwilei) o Victoria Ward Centers o Safeway (Kapahulu) o Moanalua S.C. Waikiki o Waikiki Beachwalk o Royal Hawaiian S.C.
Retail Services Hawaii Developers Council 6 Maui o Lahaina Gateway Big Island o Kona Commons Kauai o Kukuiula Development – Neighbor Island
Retail Services Hawaii Developers Council 7 Who’s Coming to Hawaii
Retail Services Hawaii Developers Council 8 Increasing Visitor Numbers! o 7 Million+ Royal Hawaiian Shopping Center o Renovation begins this year Outrigger Waikiki Beachwalk o Development Underway International Market Place o Design/Developer Selection Waikiki Activity
Retail Services Hawaii Developers Council 9 Waikiki Tenants
Retail Services Hawaii Developers Council 10 Who’s NOT Coming to Hawaii
Retail Services Hawaii Developers Council 11 What does it all mean moving forward?
Presented to Hawaii Developers Council July 2005 Roger B. Lyons (B) RETAIL MARKET OVERVIEW Hawaii Developers Council