AUS Canada

While some experts are predicting a sharp dip in the Hawaii commercial real estate market for 2009,
last year was really a surprisingly good year for some sectors of commercial real estate.
As a whole, commercial real estate encompasses offices, industrial as well as various retail outlets.
Last year saw some significant new developments which gave a spark to the state commercial sector,
although some local markets, such as Kauai real estate in Kauai county had at least one major project canceled which does not bode well for the current year.
While most of the large downtown city properties (such as malls) are doing fine at this point in time,
those particular properties which are not in premium areas are suffering. This may be why relative backwaters such as the Big Island and Kaua real estate are suffering while Honolulu is healthy.
 As the cliche goes, location is everything in real estate. Of course a big issue is the overall gloomy economic outlook, and particularly the financial sector meltdown which has created a crippling credit market crunch of sorts, sadly enouph
for both buyers and sellers.
All in all, as long as the credit markets remain tight, I think that the experts  are justified in their pessimism.
For instance, if a person wanted to open up a business in say, Lihue, Kauai, yet was unable to secure an adequate credit line,
then that individual could obviosuly not get the required inventory and would not stay open long. That is the reason that it is apparent that the commercial space is very likely to stay vacant
for a while, regardless if ist is Mauai, Molokai, Lanai or Kauai real estate we are talking about.