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Oahu Investment Market Report Q4 2021

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Hawaii CRE Investment Market Recovers Strongly

At year-end 2021, Hawaii’s commercial real estate investment marketplace generated more than $3.15 billion in sales volume, a whopping 164.0% jump in sales activity compared to year-end 2020 levels. While the 2020 investment volume set a low mark due to the onset of the COVID-19 pandemic, investment activity rebounded strongly in 2021 as transaction counts hit a record 16-year high of 353.Local Hawaii-based investors continued as the most active buyer group for the second consecutive year after investing a total of $1.56 billion, which constituted 50% of the overall commercial real estate sales volume and 68% of the total transaction count. U.S. domestic buyers, who invested $428 million in 2020, increased their acquisition volume to $1.55 billion in 2021. International investors, faced with challenging travel restrictions and mandatory quarantines, only invested a total of $43.3 million, or roughly 2% of total 2021 sales volume. 

Summary Statistics

Q4 2021 Investment Market

Investment Summary Chart 2021


Investment Market Pic

Oahu Investment Market Report Q4 2021

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Mike Hamasu

Research & Consulting Director

Hawaii - Honolulu

Michael brings to Colliers Monroe Friedlander, Inc. over 25 years of marketing and marketing research experience. Michael has directed research efforts at commercial brokerages with a focus on providing information to assist in strategic decision making for real estate investors and brokerage clientele. This effort reported on nearly 600 million square feet of commercial/industrial properties in the San Francisco Bay Area.

Having been quoted in the Wall Street Journal, USA Today, Real Estate Forum and Commercial Property News as well as other regional publications, Michael has been recognized for his detailed analysis of the commercial real estate marketplace and has  become the recognized source for commercial real estate trend analysis and forecasts for Hawaii’s marketplace.

In addition to managing the primary and secondary research efforts in the collection of commercial office, retail and industrial market information and statistics, Michael established the company’s real estate consulting division. Utilizing market factors such as: vacancy rates, absorption, net effective rents, and sales comparables, this consulting unit is able to advise developers, investors, property owners, and tenants on current and projected market trends.

PROFESSIONAL EXPERIENCE
Whitney Cressman Limited — Commercial Real Estate Marketing Research Director
Directed brokerage, internal research efforts, and generated real estate consulting assignments at a busy boutique firm in San Francisco Bay area. Served as the principal liaison to press and media. Analyzed office, retail, and development site criteria for market demand and feasibility.

Cushman & Wakefield — Commercial Real Estate Research Services Manager
Oversaw the compilation of market analytics for 600 million square foot commercial and industrial markets throughout the San Francisco Bay area. Recognized nationally and regionally for innovative data management and analysis. Selected to serve on a national career development board for research services. Directed research staff of 12 in five Bay area markets.
Identified by brokers as a manager achieving service excellence.

CONSULTING ASSIGNMENTS
• Development Feasibility Analysis
• Market Demand and Absorption Report
• Broker Opinion of Value 
• Highest and Best Use Studies
• Real Estate Portfolio Analysis
• Strategic Positioning Study
• Market Rent and Vacancy Forecasts

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