The "Scoop" on Hawaii's commercial real estate market during this pandemic

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Rendering of Avalon Group's latest project - The Shops at West Loch Station in Waipahu, which has seen tremendous interest during the pandemic. 

In just a few days, it will have been three years in my role as real estate project manager for Avalon Group, one of the top real estate development firms in Hawaii. Started by one of the top real estate minds in the state – Christine Camp – Avalon is now in its 21st year, and I couldn’t be in a better situation in this important industry in Hawaii, especially during these turbulent times.
At Avalon, my roles include property management, project management, sales, leasing, business development, communications and work in the area of development.
As a real estate developer, you see all facets of the real estate spectrum, from leasing, sales to property management. Although Hawaii certainly has seen a slow down of its high-octane real estate sector during this pandemic, there has been lots of bright spots including the fact that, especially on the commercial side, the action still continues to persist.
An example of this is a recent deal I was a part of involving a restaurant sale, which at face value, could be a difficult proposition. However, there are lots of buyers out there that I have spoken to and keep in contact with in case I see an opportunity for them. It’s fairly easily understandable why sellers are looking to sell these days but when it comes to buying, it’s a little harder to fathom the reasoning behind buying an asset during a pandemic.
However, there are lots of reasons. For one, there are certainly more deals out there now, and there are more opportunities as well, as more and more businesses close. This pandemic’s restrictions – hopefully – won’t last forever, and that’s what lots of business owners are banking on – the fact that there are sunny times ahead or at least some light at the end of the tunnel.
If you’re interested in learning more about how Avalon Group could help you maximize the value of your real estate asset through the sale, lease or consultation regarding the next steps, possibly even development or property management, give me a call (808-369-1126) or shoot me an email (ds@avalonhi.com) and I’ll gladly give you the scoops – just like I’ve always done!


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