A recent article in the Honolulu StarAdvertiser noted mixed results for October but year-to-date numbers are all up.
The process of creating a TOD neighborhood plan is lengthy and involved. One of the first benchmarks is an existing conditions report. The Halawa Area Transit-Oriented Development Existing Conditions Report was recently released by DPP-TOD and it provides interesting reading.
We’re conducting a follow-up meeting on the Pearl Harbor Historic Trail. Come and hear how the community’s feedback is being incorporated into immediate and long-term plans to preserve and enhance this important community resource.
I came across this and was fascinated by the interactive functionality. Maybe we can do something like this here soon.
A substantial portion of the low end of the Waikiki hotel inventory is being renovated and will dramatically reduce the number of hotel rooms in the economy segment.
Several “X” factors are changing the game in the office market. Variables such as the low cost of capital, movement to open floor plans, implementation of technology in the workforce, and the desire for businesses to avoid long commutes have shaped the landscape of the office market. Low Interest Rate Environment The cost of capital has been relatively low and as a result a number of large office tenants have purchased, or are considering the option to purchase their own office facilities rather than continuing to pay rent to a third party landlord. For companies that have the access to financing or capital, the strategy of purchasing allows them to fix their occupancy costs and allow firms to build equity in real estate. Desire for Efficient Office Space “Collaborative” office space is becoming popular among designers and technology firms. The modern space plan of an office space allows for the reduction of cubicles and private offices. The increase in space efficiency decreases the demand in the marketplace for larger office footprints. Adoption of Mobile Technology …
The Hawaii hotel industry had a great summer and a particularly strong August. Given the continued growth in air seats we should see similar levels of RevPAR growth through the end of 2015.