Market Volatility Creates Safe Haven Effect on Real Estate Acquisitions
For the first time in four years, the commercial real estate investment sales volume in Hawaii declined. After establishing a record high last year of more than $4.57 billion, the transaction volume dipped slightly for a year-end 2015 total of $4.47 billion. Despite the decline, this was the second highest level recorded in the last ten years. The number of commercial real estate sales transactions also fell, registering a 4.2% decline from 265 to 254 sales over the past year.
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