Hawaii Facts

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Last week I was at a presentation by Bank of Hawaii, and they got me thinking.  The military and Federal Government combined in our state is holding up the entire economy on the Island of Oahu.  Military construction has not receded, it continues.  They are in the process of building housing on Oahu, 10,000 homes by Actus and an additional 4,500 homes over the next few years as replacements for military personnel.  There are 102,000 people with the military, mostly based on the Island of Oahu.  The military has 18,000 direct jobs that we know of and spending approximately $1 billion/year.

In addition to this, the Department of Defense spends $6. 1 billion per year.  There is quite a bit of high-tech investment and spending at the Barking Sands project.  The Pearl Harbor Naval Shipyards account for a massive amount of spending on Oahu.  The Navy has increased the number of jets that it houses and continues to upgrade its fleet here in Hawaii.

Today I noticed eight additional submarines are being repositioned to bases here in Hawaii over the current 24-month period.  Military spending is 23% of our overall economy, while tourism, which we all think of as the leader, is just a little bit higher at 30%.

In addition to military spending, Hawaii has one of the highest spending per capita ratios of any state. This is courtesy of our senior senators, the committees, and the chair in congress. In 2007, the federal government spent a total of $14 billion in Hawaii.  The State of Hawaii is getting the equivalent of $235 per person in federal earmarks as a result of Congress’ recent special hearings. These projects benefit primarily large government spending projects on Oahu.  They include transportation, the University of Hawaii, and the telescopes atop Mauna Kea.

All of this spending is adding up and is the reason Oahu is weathering this economic storm better than most. This is why spending and economic activity on Oahu has stayed relatively similar to that of the previous years, while spending in the visitor economy overall is down in the range of 15%-20%.

Full Article Resourse:  markbratton. com/blog/

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A commerical showing International Longshore & Warehouse Union, Local 142 Hawaii members at their jobs.

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All commercial real estate markets of supply and demand. Market in Hawaii was generally limited supply, demand exceeded supply exists. Of general interest and demand for Hawaii commercial properties comes from the fascination of people with Hawaii and spending time, and surrounded by natural beauty. In an effort to protect the beauty of nature, are difficult to be redesignated as Oahu, Maui, Kauai and The Big Iceland widespread. A very small part of our states land for the urban areas and commercial or industrial secrets. Normally, a developer must spend to seven years to take a property by reassignment, and this property can be included for commercial real estate on the supply side of the market.

When in the middle of the Pacific and part of the United States offers many advantages for investors. Our clients are reassured and secure the legal and financial markets of the United States and have access to capital and resources from Asia. In many real estate cycles, some parts of Asia remain strong, while the United States goes through a period of below. Asian investors can stay for many reasons, the most common is optimistic that its economy is strong at home. The second reason is a swing positive change for investors. This situation can be found in many countries to reproduce, provided it can be very strong and lead the investment in Hawaii.

Hawaii’s economy is now more diverse. Several years ago, the people have held the government and entrepreneurs in Hawaii, that it was necessary and desirable to provide a certain diversity of the economy of the state. According to the tourism and military spending has become an important part of real estate in Hawaii. The division of land development with high-rise condominiums, stock is a big business. High-tech companies, including movie productions, have created a spot on the small screen for the economy. A positive side effect we noticed is the influx of new residents and people who want to spend more time in the state. Many of these investors are the families to start planning for retirement, buying a piece of real estate investments for the future. Another type of real estate investor, we are witnessing is the sponsor of young people from Asia, who spends several months a year in Hawaii, and bought a high-end luxury resort properties. These types of investors will begin to participate in the community to give back to local charities and not using the resources of many city or municipality. They pay property taxes, of course, and consumers are fantastic when they are in Hawaii.

There are many reasons to invest in Hawaii, and many different sizes of investments. From a single weeks time to act, can respond to large commercial institutions, real estate projects

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