GA - Savannah
HI - Honolulu
DEMOGRAPHICS
Savannah,
GA
1,359
347,453
130,609
$74,653
129,296
8.8%
Coldwell Banker Commercial
Platinum Partners
128 Habersham St.
Savannah, GA 31401
(912) 232-7120
www.cbcplatinum.com
CONTACT
OFFICE
Vacancy
N
Absorption
Q
Rental Rates
N
INDUSTRIAL
Vacancy
Q
Absorption
P
Rental Rates
N
MARKET HIGHLIGHTS
•;Full steam ahead for Mitsubishi
Power Systems.
•;Great Dane to expand in
Savannah.
•;Savannah ranks as a “Top 5
Container Port” in the United
States.
•;Metro Savannah unemployment
continues to fall.
•;Gulfstream Aerospace plans
$500 million expansion to add
1,000+ jobs to the market.
RETAIL
Vacancy
N
Absorption
Q
Rental Rates
Q
MULTI-FAMILY
Vacancy
P
Absorption
N
Rental Rates
N
DEMOGRAPHICS
Honolulu, HI
600
910,677
311,782
$83,803
365,718
6.6%
Coldwell Banker Commercial
NRT- Honolulu
737 Bishop St., Suite 2000
Honolulu, HI 96813
(808) 526-0896
www.cbcpacific.com
CONTACT
OFFICE
Vacancy
P
Absorption
Q
Rental Rates
Q
INDUSTRIAL
Vacancy
P
Absorption
Q
23 Rental Rates
Q
MARKET HIGHLIGHTS
•;Hawaii’s economy remains
healthier than the Continental
U.S. However, it is slowing due
to stagnant labor markets and
limited construction. Tourism
remains a bright spot posting a
record spending of $1.3 billion
in 2011.
•;Hawaii’s construction is a
replay of 2011 for 2012, with
only military and government
projects being awarded,
attracting out-of-state firms to
compete for these contracts.
•;In 2011, unemployment rate
rose to 6.6% with 41,900
unemployed. This is expected
to increase due to HMC layoffs.
•;Hawaii’s commercial investment
sales are expected to increase
over 2011 as “capital freeze”
thaws. Significant sales in 2011
include: Pearlridge Uptown II
for $36.7 million, $42.5 million
for portion of leased fee under
Hyatt Hotel Waikiki.
RETAIL
Vacancy
P
Absorption
Q
Rental Rates
Q
MULTI-FAMILY
Vacancy
N
Absorption
N
Rental Rates
N
